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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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