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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 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 $2,550 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