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.
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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