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Izzat
Izzat is 41 years old, married, and the father of 3 children. He is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He has been raising cattle during the past years. He says this is a very difficult job. Taking care of animals is a continuous effort, but his wife is helping him to raise the cattle, fatten them, and sell them in the market.

Izzat usually buys cattle, takes care of them by fattening them, and finally sells them in the market. His monthly income is 150 AZN. This financial income is the only source for the family. He plans to expand the business in order to bring more funds into the family. Selling meat is a very profitable business in Azerbaijan due its common use in everyday meals.

Izzat is applying for a loan of 2,000 AZN in order to buy more calves. This is going to be his fourth loan with Aqroinvest. He believes this loan will have a positive impact on the expansion of his business.

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 $2,550 helped Izzat to buy more calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 12, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014