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.
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 AqroinvestAqroinvest 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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