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Shukur
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 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
  • $13,991,525
    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
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014