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Saybali
Saybali is a 49-year-old married father of four children. He is an IDP (Internally Displaced Person) who lives and works in an IDP settlement. His business is sheep breeding, a profitable and stable enterprise he has had for eleven years. Saybali buys lambs, raising and fattening them in four to five months, and then resells them for a profit in the local livestock bazaar. His monthly income is 180 AZN.

People use meat in everyday national dishes such as pilau and dolma, and always use yoghurt. Mutton is considered very healthy and enjoyed in everyday life. Fur is very useful for blankets and bed mattresses made by local women.

Saybali would like to increase his herd and so is requesting a loan of 2000 AZN to buy five sheep and one milking cow. This will be his second loan, and he has a good client history. In his previous loan, he didn't have a delinquency.

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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,575 helped Saybali to buy five sheep and one milking cow.
77% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Covered