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Azer
Azer, 38, is married. He is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. He breeds cows and cattle and sells milk and milk products as well as cattle for meat purposes to local butchers. He also raises sheep for meat purposes. Azer has 10 years of experience in this field, thanks to his father who taught him the best how to look after cattle.

Azer usually buys small cattle then raises and fattens them in 5-6 months and resells them for a more profitable price in the local livestock bazaar. He sells milk and yoghurt to the neighbors. Milk and meat selling brings 80 AZN in 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 as pilau and dolma and always use yoghurt sauce.

This is only one financial income in his family--not enough to cover the basic needs of his beloved children. Azer applied for a loan of 1800 AZN to purchase three cattle, two milk cows and fodder. He has already had several loans with AqroInvest and he has 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 $2,300 helped Azer to buy three cattle, two milk cows and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014