Check out some available loans that are similar to this one!
Nail
Nail is 24 years old, single and a very enthusiastic man. He is IDP and lives with his parents in the Bilasuvar IDP Settlement. He breeds sheep for meat and fur purposes that he sells to local butchers. Nail has 4 years of experience in this field, thanks to his father who taught him how to look after sheep and who helped him start the business. He receives 80 AZN financial support from the government monthly, but this is too low to expand business to respond to his customer`s demands.
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.

Additional Information

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 Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Nail to buy 15 sheep and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014