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Ulviyya is a 26-year-old woman who is married with one son. She is an IDP and lives in the Bilasuvar IDP Settlement. Ulviyya has been breeding cattle for the last 4 years. She was a housewife, but her husband's salary was too low to cover the family's needs, so Ulviyya decided to start her own business. She receives 80 AZN in financial support from the government monthly, but this is too low to cover the family's needs.

Ulviyya usually buys calves, raises and fattens them for 5-6 months, and then sells them for a profitable price at the livestock bazaar. Her monthly income is 150 AZN, and this business is the main 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.

She wants to expand her business and improve the living conditions of her family. She applied for a 2,000 AZN loan to purchase five cows. This will be her fourth loan, and she 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 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
  • 85
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Ulviyya to buy five cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 1, 2013
Mar 14, 2013
Currency Exchange Loss:
Oct 17, 2014