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Balashah
Balashah is 49 years old and has a family of three children and a wife. He raises sheep and sells them for meat. Balashah considers himself a shepherd. He has been doing this business for 15 years and is a very hard-working person. He gives a lot effort in this activity, because he wants to support his family without financial lacking.

Balashah is keeping a flock of sheep in his own yard. He fattens them and takes their meat to the central bazaar, where butchers and customers purchase this. People use mutton for traditional dishes like kababs, dolmas, pilovs, etc.

He has taken loan from Aqroinvest three times and has a good loan history. This is going to be his 4th loan. This time he requires 2000 AZN in order to purchase 15 sheep in order to sell more meat in summer. He is optimistic about this loan, because in summer more people consume meat, due to the holidays and increased customers in restaurants.

Additional Information

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Balashah to purchase 15 sheep so he can sell more meat.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014