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Ulkar
Ulkar is 47 years old. She is an IDP (internally displaced person) and lives with her husband and children in the Bilasuvar IDP Settlement. She is a hard-working person who takes care of her family by doing business in animal husbandry. Ulkar grows cattle and raises them to sell meat. She has been in this business for 10 years.

Her husband supports her in the business. The business takes a lot of effort, but together they run it successfully. She sells the meat in the central bazaar, where the demand for meat is high. People in Azerbaijan consume meat a lot, because it is used in most dishes. Some traditional meals like kebabs, dolma and others require beef in their preparation. Her profit is 130 AZN monthly. Ulkar is applying for a new loan of 1,900 AZN, in order to expand the business by buying new calves. She plans to grow these calves, fatten them and sell more meat, for the coming traditional holidays, when the demand for beef will increase. This is her 3rd 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 39
    View loans »
    Azerbaijan Loans Fundraising
  • $13,960,650
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Ulkar to purchase new calves to expand the business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014