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Elnura
Elnura is a 36-year-old married woman with three children. She is an IDP and lives in the Bilasuvar IDP Settlement. Elnura has bred cattle, cows and sheep for the last 6 years. She is a housewife, and her husband is on a pension.

Elnura together with her husband usually buy small calves and raise and fatten them for 5-6 months and then resell them for a proft. Her monthly income is 110 AZN, and this business is one source of financial income for her family. Meat is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma. Elnura sells animals from her house, because transportation to the livestock bazaar or to the markets is too expensive for her.

She wants to expand her business and improve the living conditions of her family. She applied for a 1500 AZN loan to purchase two cattle, one milk cow and fodder. This will be her second loan, and she has good credit history.

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 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.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    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 Elnura to buy two cattle, one milk cow and fodder.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 1, 2013
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014