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Teyfa
Teyfa is a 36-year-old woman. She is an internally displace person (IDP) who lives in the Bilasuvar IDP settlement with her kids. Teyfa has raised cattle and cows for 10 years. She loves her business.
Teyfa usually buys small calves, raises and fattens them for five to six months, and then resells them for a more profitable price in the livestock bazaar. Her monthly income is 100 AZN and this business is only one source of financial income in her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Teyfa also keeps milk cows for personal use and for selling to neighbors.

She wants to expand her business and improve the life conditions of her family. She applied for a 1800 AZN loan to purchase two cattle, two milk cows and fodder. This will be her 4th loan and Teyfa has a good client history.

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

  • $6,171
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Teyfa to purchase two cattle, two milk cows and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015