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Akif
Akif is a 35-year-old married person who is raising two children together with his wife. Akif is a cattle breeder with more than 15 years of experience. He purchases small calves and then fattens and raises them. After six months, he resells the grown cattle in the central city market. He applied for a 2000 AZN loan to purchase more cattle and increase his income. This loan will allow him to improve the life of his family. He has a good loan history and this is going to be his fourth loan.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,575 helped Akif to purchase more cattle and increase his income.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Covered
Expired:
Jan 13, 2014