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
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 AqroinvestAqroinvest 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.
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