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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 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.


About Azerbaijan

  • $10,800
    Average annual income
  • 85
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Saybali to buy five sheep and one milking cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 6, 2013
Nov 18, 2013
Currency Exchange Loss:
Jun 17, 2015