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Gulshan, a 27-year-old married mother of two, is an IDP who lives in the Bilasuvar IDP Settlement. She receives 80 AZN in financial support from the government monthly, but this is too low to cover their expenses. Gulshan was a housewife, but because her husband`s salary was too low to meet the family's needs, she decided to start breeding cattle five years ago.

Gulshan usually buys small calves, raising and fattening them for five to six months, then selling them for profit in the livestock bazaar. Meat is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma. Her monthly income is 200 AZN, and this business is the main source of income in her family.

Gulshan has requested a 1500 AZN loan to purchase two head of cattle and one milking cow. She wants to expand her business and improve the living conditions of her family.

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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Gulshan to buy two head of cattle and one milking cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 2, 2013
Apr 9, 2013
Currency Exchange Loss:
Nov 17, 2014