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Ali
Ali is 54 years old, married and has one kid. Ali is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He is a hard-working person who takes care of his family by doing business in animal husbandry. Ali raises cattle to sell the meat. He has been in this business for 10 years. His wife supports him in the business. The business takes a lot of effort, but together they run it successfully. He sells the meat in the central bazaar where the demand for meat is high. People in Azerbaijan consume plenty of meat because it is used in most dishes. Some traditional meals like kebabs, dolma and others require beef in their preparation. His profit is 130 AZN monthly. Ali is applying for his first loan of 1,000 AZN in order to expand the business by buying new calves. He plans to raise these calves, fatten them, and sell more meat for the coming traditional holidays, when the demand for beef will increase. He awaits your support

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Ali to expand the business by buying new calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014