Check out some available loans that are similar to this one!
Gulsanam
Gulsanam is 58 years old, married and the mother of three beautiful children. She is an IDP (internally displaced person) and lives with her family in the Bilasuvar IDP Settlement. Gulsanam and her husband have their own business, earning income to meet their family's needs. She has been engaged in cattle breeding for the past 13 years. During these years, she gained the necessary skills and knowledge for the effective management of her business.

She usually buys small calves, raises and fattens them for five to six months, and then resells them for a profitable price in the livestock bazaar. She also makes homemade yogurt and sells it, along with fresh milk, to her neighbors. Her monthly income is about 144 AZN. This business is the family's only source of income. Beef is in very high demand in Azerbaijan, as people use it in everyday dishes like pilau (a rice dish) and dolma (stuffed grape leaves).

Now Gulsanam would like to buy more animals. For this purpose, she applied for a loan of 1,800 AZN. She will buy three calves and one milk cow. This will be her fifth loan with AqroInvest, and she has a positive 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
  • $14,215,400
    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 Gulsanam to buy more animals.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015