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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 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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 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