Zohrab breeds sheep for meat and wool, and serves local butchers. He has more than ten years of experience in this field, thank to his father who taught him how to look after cattle. He receives a pension from the government every month, but it is too low to cover the family's costs.
Zohrab usually buys lambs, raises and fattens them in 4 to 6 months and resells them for a profit in the local livestock market. Selling mutton and wool brings in about 180 AZN per month. Meat is a very popular product in Azerbaijan since people use it in national dishes, such as pilaf and dolma.
He is the sole provider of his family and does not make enough income to cover the basic needs of his beloved children. Zohrab is requesting a 2000 AZN loan to purchase twenty sheep and fodder. This will be his second loan from AqroInvest and he has a good client history.
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 AqroinvestAqroinvest 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.
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