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Latafat
Latafat is a 37-year-old married woman with three children. She is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. Latafat has bred cattle and sheep for the last 10 years. She was a housewife, but her husband is unemployed and now her business helps to cover the family's needs.

Latafat usually buys small calves or sheep, raises and fattens them for 3-6 months, and then resells them for a profit in the livestock bazaar. Her monthly income is 120 AZN and this business is only one source of income for her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Latafat's husband helps her to look after the livestock.

Latafat wants to expand her business and improve her family's living conditions. She applied for a loan of 700 AZN to purchase 10 lambs. This will be her fourth loan and she has a 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Latafat to purchase 10 lambs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014