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Duman is a 21-year-old single man. He is IDP and lives with his parents in the Bilasuvar IDP Settlement. He breeds cows and sells milk and milk products, as well as beef cattle to local butchers. Duman has three years of experience in this field, thanks to his father who taught him how to best look after cattle. He receives 80 AZN monthly in financial support from the government, but this is too low to cover his family's needs.

Duman usually buys small cattle, raises and fattens them for 5-6 months and resells them in the local livestock bazaar. He sells milk and yoghurt to the neighbors. Selling milk and beef earns him 120 AZN per month. Milk and yoghurt, as well as meat, are very popular in Azerbaijan. People use meat in everyday national dishes, such as pilau and dolma. They always use yoghurt as a sauce. Milk products are consider very healthy and are a popular part of their diet.

This represents the only financial income for his family and to makes savings for his future family when he will decide to get marry. Duman has applied for 600 AZN to purchase one dairy cow and feed.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Duman to buy one dairy cow and feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Feb 11, 2013
Currency Exchange Loss:
Sep 17, 2013