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Kaklik
Kaklik is 34 years old, married, and a mother of two children. She is an IDP (internally displaced person) and lives with her family in the Bilasuvar IDP Settlement.

Kaklik buys animals (baby cows) at low prices, raises them, and then sells them in the market at higher prices. She has a good approach towards business expansion and creating savings for the future. She makes enough money through her business to contribute to the family's income, but she needs to improve her business to meet the needs of her children.

For the improvement of her business, Kaklik applied for a loan of AZN 2,000 to purchase three more cows. She is very experienced and has good contacts in the market. With this loan, she will definitely expand her business and income level. She has a good loan history and this is his second 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 43
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Kaklik to purchase three more cows.
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