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.
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 AqroinvestAqroinvest 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.
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Success!! The loan was 100% repaid