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Camal
Camal is 40 years old, married and the father of 3 children. He is a very hard working man. He has been raising chickens for 16 years and is very active in the poultry business. He usually buys small chickens, raises and fattens them for 5-6 months and then sells them for a more profitable price in the livestock bazaar. His wife also helps him in this business, because it’s the only income to their family. From this business his monthly income is 320 AZN.

In Azerbaijan chicken is in very high demand and people use it in everyday dishes like levengi, chicken soup, tabaca, kabab, etc. Camal sells chicken eggs too, because people use chicken eggs every day for breakfast. In one day he sells 50 eggs.

Camal has already taken 3 loans from Aqroinvest in past. With a good loan history he has applied for 4th loan of 1,800 AZN. With this money, he wants to invest it in the business and buy more small chickens in order to generate more revenue.

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
  • 39
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Camal to buy more small chickens in order to generate more revenue.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014