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Aydın
Aydın is 47 years old, married, and the father of five children. His wife is retired. He is an IDP (internally displaced person) and lives with his wife and children in the Bilasuvar IDP Settlement. Aydin is Fuzuli refugee. He has been raising cattle for the past 20 years. He says this is a very difficult job. Taking care of animals requires continuous effort, but his wife helps him to raise the cattle, fatten them, and sell in the market. He usually buys the cattle and sells them in the central bazaar after raising and fattening them. His monthly income is 300 AZN. This is the only source of income for the family. He plans to expand the business in order to bring more funds into the family. Selling meat is a very profitable business in Azerbaijan, due the large use of meat in daily meals. Aydin is applying for a loan of 2000 AZN in order to buy more calves. This is going to be his fifth loan from Aqroinvest. He believes this loan will have a positive impact on the expansion of his business.

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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Aydın to buy more calves to raise, fatten and sell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 13, 2013