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Mahammad
Mahammad is a 30-year-old client. He is married. Mahammad is an IDP (Internally Displaced Person) who lives with his family in the Bilasuvar IDP Settlement. He is a Fuzuli refugee.

The scope of his activities is agriculture. He buys a young calf, raises it and sells it for meat. His father helps him with the sales. From this business, his monthly profit is 125 Azerbaijani manats (AZN). His dream is to increase the income from his business and provide his family with a safe future.

Now Mahammad needs a 2,000 AZN loan to enlarge and repair the stall for his cows. He wants to use the money from his expanded business to help his family. In the future, Mahammad wants to have more cows on his farm. This will be more profitable for his business. He has already taken out two loans from Aqroinvest in the past. With a good loan history, he has applied for a third loan. He 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Mahammad to enlarge and repair the stall for his cows.
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