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Anaxanim
Anaxanim is 45 years old, and she has four children. She is an IDP (internally displaced person) from Jabrayil and lives in the Bilasuvar IDP Settlement.

Anaxanim has bred cattle for the last 10 years. She usually buys small calves, raises and fattens them for 5-6 months and then sells them for a profit in the livestock bazaar. Her monthly income is 300 AZN, and this business is her only source of income. Beef is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma. Anaxanim also keeps milk cows for personal use and to sell milk to her neighbors.

She wants to expand her business and improve the living conditions of her family. She has applied for a 1,900 AZN loan to purchase two cattle and one milk cow. This will be her first loan.

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Anaxanim to purchase two cattle and one milk cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014