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Elman
Elman is a 26-year-old married man with one son. Elman is an IDP person (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He is a Fuzulu refugee. He is a very successful entrepreneur who sells chicken and duck, which brings him a stable income. Elman is a very hardworking man. For the past three years, he has been raising chickens and ducks and is very active in poultry. He usually buys small ducks, raises and fattens them for five to six months, and then sells them for a more profitable price in the livestock bazaar. His father helps him in this business because it is the only income for their family. From this business, Elman's monthly income is 120 AZN. He has applied for his first loan of 1,800 AZN. With this money, he wants to invest in the business and buy more small chickens in order to generate more revenue

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Elman to buy more small chickens.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
Covered