Check out some available loans that are similar to this one!
Oruj
Oruj is a friendly and hardworking man of 43 years old. He is married and has three children. He is an IDP (Internally Displaced Person) and lives with his family in the Bilasuvar IDP Settlement. He breeds cattle and has 15 years of experience in this field. Oruj gets financial support from the government, but 60 AZN is too small an amount to cover the family’s needs.

Cattle-breeding requires a lot of physical activity and spending most of the time in the open air. Pasturing takes 80% of Oruj`s time. He usually buys small calves, raises and fattens them for 5-6 months, and then resells them for a more profitable price in the livestock bazaar. His monthly income is 140 AZN, and this business is only one source of financial income in his family. Meat is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma.

Oruj would like to purchase five cattle, and for this purpose he applied for 1,500 AZN. He needs this loan to increase the monthly turnover and cover the needs of his customers. He has already completed several loans with AqroInvest and has a positive 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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Oruj to buy five cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2014