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Gulaya
Gulaya is 61 years old, married and the mother of three children. She is an IDP (internally displaced person) and lives with her husband and children in the Bilasuvar IDP Settlement. She is a Jabrayil refugee. She is very kind and caring and very energetic in her work.

Gulaya raises cattle, fattens them, and sells them for a profitable price. Her husband is the major support for her in this business. She sells the meat at the central bazaar for a profit. In Azerbaijan, there is a high demand for meat because it is used in a lot of meals such as kufta (soup), kebabs, dolma, etc. Her income from this business is 100 AZN per month. In order to fully support the family, Gulaya is looking forward to expanding the business and making it a very successful one.

She has applied for a loan of 1,900 AZN from Aqroinvest Credit Union to buy more calves. This is her first loan. She believes this loan will have a positive impact on 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 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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    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 Gulaya to buy more calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014