Her husband also helps her in this business. Shukufe and her husband started a farm 15 years ago. The business takes a lot of effort, but together they run it successfully. Shukufe sells the meat in the central bazaar where the demand for meat is high. People in Azerbaijan consume a lot of meat because it is used in most dishes. Some traditional meals like kebabs, dolma and others require beef in their preparation. Her profit is about 170 AZN monthly.
She is applying for new loan of 1,800 AZN in order to expand the business by buying new calves. She plans to raise these calves, fatten them and sell them for meat for the coming traditional holidays, when the demand for beef will increase. This is Shukufe's sixth loan.
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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