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Bahar
Bahar is 37 years old. She is an IDP (internally displaced person) and lives with her husband and children in the Bilasuvar IDP Settlement. She is a Fuzuli refugee. Bahar has been raising cattle for the past 15 years. She says this is a very difficult job. Taking care of animals is a continuous effort, but her husband helps her to raise the cattle, fatten them and sell them in the market.
Bahar usually buys cattle, raises them, fattens them and sells them in the central bazaar. Her monthly income of 150 AZ is the only source of income for her family. She plans to expand the business in order to bring more funds into her family. Selling meat is a very profitable business in Azerbaijan, due to its large use in everyday meals.

She is applying for a loan of 2000 AZN in order to buy more calves. This is going to be her fifth loan with Aqroinvest. She believes this loan will have a positive impact in the expansion of her business

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
  • 29
    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 $2,550 helped Bahar to buy more calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 4, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014