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Nariman
Nariman is 54 years old, married, and has four children. He is an Internally Displaced Person ("IDP") and lives with his family in Bilasuvar IDP Settlement. He breeds cattle and sells milk and milk products, and sells cattle for meat purposes to local butchers. Nariman has more than eight years of experience in this field, thanks to his father, who taught him the best ways to look after cattle.

Nariman usually buys small cattle, raises and fattens them for 5-6 months, and then resells them for a profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Milk and meat-selling brings an income of 140 AZN per month.

Milk and yoghurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes, such as 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 financial income in his family, and it is not enough to cover the basic needs of his beloved children. Therefore, Nariman applied for a loan of 1,500 AZN, which he will use to purchase three beef cattle, one milking cow, and fodder. This will be his third loan, and he 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 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 $1,925 helped Nariman to buy three beef cattle, one milking cow, and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2014