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Asaf
Asaf is 42 years old with 2 sons. He is an IDP (internally displaced person) and lives with his wife and sons in the Bilasuvar IDP Settlement. From past 18 years he has been raising sheep because mutton is in high demand in this region. Asaf is a retired person with an income of 330 AZN monthly from this business. This is a very profitable business and Asaf is doing it together with his wife.
Asaf 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 from him. People use mutton for traditional dishes like kababs, dolmas, pilovs, etc.
He has taken loan from Aqroinvest before and has a good loan history. This is going to be his 2nd loan. This time he requires 1600 AZN in order to purchase 12 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

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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Asaf to purchase 12 sheep in order to sell more meat in summer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014