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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 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
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