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Shukur is a 41-year-old, married man, who has three children. He is an IDP, and lives with his family in Bilasuvar IDP Settlement. He breeds cattle and sells milk and milk products, and also sells cattle for meat purposes to local butchers. In addition, he raises sheep for meat purposes. Shukur has 10 years of experience in this field, thanks to his father, who taught him the best ways to look after livestock. He receives 60 AZN monthly financial support from the government, but this is too low to cover his family's needs.

Shukur usually buys small cattle or lambs, raises and fattens them for five to six months, and resells them for a profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Dairy and meat-selling brings 100 AZN income per month.

Milk and yoghurt, as well as beef and mutton, are very popular products in Azerbaijan. People use meat in everyday national dishes, such as pilau and dolma, and always use yoghurt sauce. Milk products are considered to be very healthy and are also present in everyday life.

This is the only financial income in his family and is not enough to cover the basic needs of his beloved children. Shukur applied for a 1,500 AZN loan to purchase one cattle, one milking cow, five sheep, and fodder. This will be his second loan with AqroInvest, and he has a 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 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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Shukur to buy one cattle, one milking cow, five sheep, and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Feb 5, 2013
Currency Exchange Loss:
Apr 16, 2014