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Alfunur
Alfunur is a 53 years old and the mother of four children. She is an IDP (internally displaced person) from Jabrayil and lives with her husband and children in the Bilasuvar IDP Settlement. She is a hardworking person who takes care of her family by doing business in animal sales. Alfunur raises cattle to sell the meat. She has been in this business for 12 years. Her husband supports her in the business. The business takes a lot of effort, but together they run it successfully. Alfunur sells the meat in the central bazaar, where the demand for meat is high. People in Azerbaijan consume meat a lot, because it is used in most dishes. Some traditional meals like kebabs, dolma and others require beef in their preparation. Her profit is 130 AZN monthly.

Alfunur is applying for new loan of 1,800 AZN, in order to expand the business by buying calves. She plans to raise these calves, fatten them and sell more meat for the coming traditional holidays, when the demand for beef will increase.

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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    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 Alfunur to expand the business by buying calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014