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Terlan
Terlan is 27 years old, married, and has one child. He is an IDP (internally displaced person) and lives in the Bilasuvar IDP Settlement. Terlan is a Fuzulu refugee. He raises cattle, fattens them, and sells them for a profit, which he has been doing for five years. He is very kind, caring, and energetic in his work. This is a very profitable business and he is doing it together with his wife.

Terlan sells meat at the central bazaar. 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. His income from this business is 195 AZN a month. In order to fully support the family, Terlan is looking to expand the business and make it very successful. With a good loan history, he is requesting his third loan for 2,000 AZN, which he will use to buy small calves.

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Terlan to purchase calves.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 13, 2013