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Sirac
Sirac is a farmer with 17 years of experience. He is engaged in farming and animal husbandry. His family's only income is from the sale of dairy products and greens. Now he is 27 years old, married and father of two kids.

Sirac is an internally displaced person (IDP), and lives with his family in the Bilasuvar IDP Settlement.

He buys animals (baby cows) at low prices, raises them, and then sells them in the market at higher prices. He has a good approach towards business expansion and savings for the future. He makes enough through his business to contribute to the family income, but he needs to improve his business to meet the needs of his children.

For the improvement of his business, he applied for a loan of 1,800 AZN to purchase two more cows. He is very experienced and has good contacts in the market. With this loan, he will definitely expand his business and income level.

This is his fourth loan, and he has a good loan 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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Sirac to purchase two more cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015