Khatira raises cattle, fattens them, and sells them for a profitable price. Her husband is the major support for her in this business. She sells meat at the central bazaar for profits. In Azerbaijan, there is a high demand for meat because it is used in a lot of meals, such as kufta (soup), kababs, dolma, etc. Her income from this business is AZN 100 per month. In order to fully support the family, Khatira is looking forward to expanding the business and making it a very successful one.
Khatira has applied for a loan of AZN 1,800 from Aqroinvest Credit Union to buy more calves. This is her sixth loan. Khatira, at this very young age and with a great passion and energy, plans to become a successful businesswoman in the town. Her good client history is a little proof of this.
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.
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