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Sevindik is 53 years old. He is married and has three sons. He is an IDP and lives in Bilasuvar IDP Settlement. Sevindik has been breeding cattle and milk cows for the past 25 years. He learned to operate a small business from his parents. He continued working in the same business after he was married. Through a lot of sacrifice, he has become one of the leading producers of agriculture for the area in which he lives. With the income from the business, he has been able to raise cattle successfully.

His monthly income is 120 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 every day. Sevindik also keeps dairy cows, for personal use and for selling to neighbors.

He applied for a 2000 AZN loan, which he will use to purchase three beef cattle, one milking cow, and fodder. This will be his seventh loan, and he has a good credit 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Sevindik to purchase three beef cattle, one milking cow, and fodder.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013