He usually buys calves, raises and fattens them, then sells them at a profitable price. Selling meat is a worthwhile business because meat is an essential staple among the local people, who use it in many everyday dishes like dolma and pilov.
Sabir is a very kind and friendly young man. His monthly income is 140 AZN, which represents the sole financial income for the family. He reports that it is very difficult to cover the needs of the family with such a small income. Looking after the animals is also difficult, requiring that he spends most of his time outside.
The economic climate in the region is one of austerity, but Sabir is a very positive man and his father supports and helps him a great deal.
Sabir has applied for a loan in the amount of 1,500 Azerbaijan New Manat (AZN), with which he will buy two milk cows and three calves. This will be his third loan and he has a good 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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