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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 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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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