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Bakir is a 53-year-old man and married with three children. He is an IDP (Internally Displaced Person) and lives with his family in the Bilasuvar IDP Settlement. He receives 120 AZN in financial support from the government every month, but this is not enough to cover his family's needs.

Bakir breeds cattle; he sells milk and milk products as well as providing cattle for meat purposes to local butchers. He also raises sheep for meat. He has 15 years of experience in this field, thanks to his father who taught him how to look after cattle.

Bakir usually buys calves and raises and fattens them; he resells them in 5-6 months for profit at the local livestock bazaar. He sells milk and yogurt to his neighbors. Milk and meat sales brings in 100 AZN a month. Milk, yogurt, beef and mutton are very popular products in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma and yogurt sauce is very popular.

Income from livestock farming is not enough to cover the basic needs of Bakir's children. Bakir applied for 1,000 AZN to purchase two cattle and one milk cow. This will be his second loan, and he has good client 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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Bakir to buy livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Feb 5, 2013
Currency Exchange Loss:
Jan 17, 2014