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Yasasif
Yasasif is a 37-year-old man who is married with two children. He is an IDP and lives with his family in a Bilasuvar IDP Settlement. He breeds cows, calves, and sheep. He sells milk, yoghurt, home-made cheese, as well as cattle for meat purposes to local butchers. Yasasif has 5 years of experience in this field, thanks to his father who taught him how to best look after cattle.

Yasasif usually buys livestock, raises and fattens them in 5-6 months, and sells them for a more profitable price at the local livestock bazaar. He sells milk and yoghurt to his neighbors. His milk and meat-selling brings in 110 AZN per month. Milk and yoghurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes like pilau and dolma and always use yoghurt sauce. Milk products are considered very healthy and are also present in everyday life.

This is the only source of income in his family, and it is not enough to cover the basic needs of his beloved children. Yasasif applied for a 2,000 AZN loan to purchase 10 sheep, one calf, and one milk cow.

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 $2,550 helped Yasasif to buy 10 sheep, one calf, and one milk cow.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014