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Mubariz
Mubariz is 46 years old, married, and has four children. He is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. Mubariz has been breeding cattle and cows for 20 years. He usually buys small calves, raises and fattens them for five to six months, and resells for a profit in the livestock bazaar. His monthly income is 140 AZN and this business is the only source of financial income for his family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes such as pilau and dolma. He also keeps milking cows for personal use and for sales to neighbors.

Mubariz is requesting his seventh loan for 1,500 AZN, which he will use to purchase two cattle, one milking cow, and fodder. He wants to expand his business and improve the living conditions of his family.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 64
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Mubariz to purchase two cattle, one milking cow, and fodder.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 9, 2013