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Safayat
Safayat is a 60-year-old woman who is married with two sons and two daughters. She breeds sheep and cattle for meat purposes with local butchers. Safayat has 20 years of experience in this field and she thanks her husband, who taught her how to look after cattle and who helps her to run the business. Her husband is currently on a pension.

Safiyat usually buys small cattle and sheep, raises and fattens them in 5-6 months, and resells them for a more profitable price in the local livestock bazaar. Meat selling brings an income of 300 Azerbaijan new manats (AZN) per month. Beef and mutton are very popular products in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma, and they always use yogurt sauce. She also sells sheep wool, which is useful for clothing and blankets.

Safayat applied for a loan of 1800 AZN to purchase three cattle and eight sheep. This will be her sixth loan and she 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 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

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    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 Safayat to purchase three cattle and eight sheep.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2015