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Ramal is a 25-year-old young customer, not yet married. .He is an IDP (internally displaced person) and lives with his parents in the Bilasuvar IDP Settlement. Ramal is a Fuzulu refugee. He raises cattle, fattens them and sells them for a profitable price. He has been in this business for 5 years. He is very kind, caring and also very energetic in his work. Since high school, Ramal chose not to study, but to continue the family tradition in this business. This is a very profitable business and he is doing it together with his father.

He sells meet at the central bazaar for profit. In Azerbaijan, there is a high demand for meat, because it is used in a lot of meals, such as kufta (soup), kababs, dolma etc. His income from this business is 140 AZN per month. In order to fully support the family, Ramal is looking forward to expand the business and making it very successful. With a good loan history he has applied for a second loan of 2,000 AZN. With this money he hopes to buy small calves. He appreciates your support.

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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.


About Azerbaijan

  • $10,800
    Average annual income
  • 68
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Ramal to buy small calves.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 7, 2013
Currency Exchange Loss:
Aug 6, 2013