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Teymur
Teymur is a 30-year-old man who has been engaged in cattle breeding and milk product sales for the last five years. He is an IDP (internally displaced person) and lives with his wife and two children in Bilasuvar IDP Settlement. His wife helps him to look after cattle, and she makes homemade yogurt. Teymur`s profit from the business is 230 AZN.

Milk is a very popular drink among local people. They prepare different products from it, such as yogurt and cheese. Dairy products are in high demand because of their health benefits. Regardless of difficulties in raising cattle, Teymur is a very positive man and is doing this business by heart.

Teymur has applied for a loan of 2,000 AZN from Aqroinvest in order to buy more calves. He has plans of expanding the business to meet the high potential of milk in the market. This is his third extension of credit. He has a good loan history. Teymur 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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Teymur to buy more calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2014