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Akbar
Akbar is a 47-year-old man, married with 3 daughters. Akbar is an IDP (internally displaced person). He breeds cows and cattle, sells milk and milk products, as well as cattle for meat purposes to local butchers. Akbar has 10 years of experience in this field, and the reason which pushed him to start his own business was a very low pension. Akbar usually buys small cattle, raises and fattens them for 5-6 months, and resells them for a more profitable price in the local livestock bazaar. He sells milk and yoghurt to the neighbors. Milk and meat selling brings an income of 400 AZN per month.
Milk and yoghurt, as well as beef and mutton, are very popular products in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma and always use yoghurt sauce. Milk products are considered to be very healthy and are also present in everyday life. This is the only financial income in his family and is not enough to cover the basic needs of his beloved daughters. Akbar applied for a 1800 AZN to purchase three cattle, two milking cows, and fodder. This will be his third loan, and he 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 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
  • $13,992,500
    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 Akbar to purchase three cattle, two milking cows and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015