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Shukufe
Shukufe is a 58-year-old married woman and a mother of 2 sons and 2 daughters. She works raising cattle that she fattens up and then sells in livestock and cattle markets. She also raises them to produce milk that’s then used to make dairy products, like custard, butter, and cheese.

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.

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 Shukufe to expand the business by buying new calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015