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Shalar is 49 years old, married and the father of two children. He is an IDP (Internally Displaced Person) and lives with his wife and children in the Bilasuvar IDP Settlement. Shalar is a Jabrayili refugee. His wife is a housekeeper. He has been raising cattle for the last 10 years. He says this is a very difficult job. Taking care of animals is a continuous effort.

Shalar usually buys cattle, raises them, fattens and sells them in the central bazaar. His monthly income is 120 AZN. This is the only source of income for his family. He plans to expand the business in order to bring more funds into the family. Selling meat is a very profitable business in Azerbaijan, due to its wide use in everyday dishes.

Shalar is applying for a loan of 1800 AZN in order to buy more calves. He believes this loan will have a positive impact on the expansion of his business. This is his third loan and he has a very 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
  • 14
    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 $2,300 helped Shalar to buy more calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 15, 2013
May 24, 2013
Currency Exchange Loss:
Jun 17, 2014