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Valida
Valida is a 43-year-old married woman with two children. She is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. Valida has bred cattle and cows for the last 15 years. She was a housewife, but her husband's salary as a laborer was too low to cover the family's need, so Valida decided to purchase her first cow.

Valida usually buys small calves, raises and fattens them for 5-6 months, and then resells them for a profit in the livestock bazaar. Her monthly income is 100 AZN. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Valida also keeps milking cows for personal use and for selling homemade milk and yoghurt to neighbors.

Valida wants to expand her business and her family's improve living conditions. She applied for a loan of 1,500 AZN in order to purchase two cattle, one milking cow, and fodder. This will be her second loan and she has a very good loan 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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Valida to buy two cattle, one milking cow, and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014