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Gulu is 48 years old and she is an IDP (internally displaced person) who lives with her husband and daughters in the Bilasuvar IDP Settlement. Gulu is a Fuzulu refugee.

Gulu has been raising cattle for the past 15 years. She says this is a very difficult job. Taking care of animals takes continuous effort, but her husband is helping her to raise the cattle, fatten them and sell them in the market. Gulu has four daughters and believes she must work very hard in order to help her daughters with their weddings.

Gulu usually buys cattle, raises them, fattens them, and sells them in central bazaar. Her monthly income is 120 AZN. This financial income is the only income source for family. She plans to expand the business in order to bring more funds into the family. Selling meat is a very profitable business in Azerbaijan, due its widespread use in everyday meals.

Gulu is applying for a loan of 2,000 AZN in order to buy more calves. This is going to be her first loan in Aqroinvest. She believes this loan will have a positive impact in the expansion of her business.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Gulu to buy more calves.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Jun 16, 2013
May 28, 2013
Currency Exchange Loss:
Dec 17, 2014