Nail usually buys lambs, raises and fattens them for 4-5 months and resells them for a more profitable price at the local livestock bazaar. His monthly income is 120 AZN. People use meat in everyday national dishes as pilau and dolma and always use yoghurt sauce. Mutton is considered as very healthy and is also used in everyday life. Fur is very useful for blankets and bed mattresses that are made by local woman.
This is only financial income for his family. Nail applied for 1500 AZN to purchase 15 sheep and fodder.
More information about this loan
This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.
About AqroinvestAqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.
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