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Seymur
Seymur is a 33-year-old man and married with two children. He is an Internally Displaced Person and lives with his family in the Bilasuvar IDP Settlement. He breeds sheep and cattle, and sells milk products and meat. Seymur has more than four years of experience in this field, thanks to his father who taught him the best way to look after cattle.

Seymur usually buys lambs, raises and fattens them within three to six months, and then resells them for a more profitable price at the local livestock bazaar. He sells the milk and yogurt to his neighbors. Selling milk and meat brings in 150 AZN income per month. Milk and yogurt are very popular products in Azerbaijan, as are beef and mutton. People use meat in everyday national dishes, such as pilau and dolma, and they always use yogurt. Milk products are considered very healthy, and they are present in everyday life.

There is only one income in Seymur's family and it is not enough to cover the basic needs of his beloved children. Seymur applied for a loan of 2,000 AZN to purchase six sheep, one cow, and fodder.

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.

Tags

About Azerbaijan

  • $10,800
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Seymur to purchase six sheep, one cow, and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2015