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Mahammad
Mahammad is 34 years old, married and has a one son and one daughter. He is an IDP (internally displaced person) and lives with his wife and children in the Bilasuvar IDP Settlement. He is a Fuzuli refugee. For 10 years, he has been raising cattle and selling their milk. Milk is very popular drink among local people; they prepare different products such as yogurt and cheese. Milk products are in high demand because of their health benefits.
Mahammad earns an income of 120 AZN from this business. His wife is helping him run the business. Regardless of difficulties in raising cattle, Mahammad is a very positive man and doing this business with heart. He has applied for loan of 1900 AZN from Aqroinvest in order to buy more calves. He has plans to expand the business and to meet the high demand potential for milk in the market. This is his sixth loan and he has a good loan repayment history. Mahammad appreciates your support.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,425 helped Mahammad to buy more calves.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Covered
Expired:
Jun 28, 2013