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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 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

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    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