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Sanani
Sanani is a 55 year-old married man with three children. He has bred livestock from a very young age thanks to his father who taught him well. He already has 10 years of experience. During these years, Sanani has acquired the knowledge and skills required for the business. He purchases calves in the central livestock market and raises them. After fattening the animals, he resells them for a profitable price in a livestock bazaar. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.

His business requires a lot of physical strength, as Sanani spends most of his time in the open air. His wife helps him to feed the animals. His monthly income is 150 AZN and Sanani wishes to increase it. As meat is in high demand, he needs more capital to put into his business and cover the market. For this purpose, he applied for 1,500 AZN. He will use the loan to buy two cattle, one milkier cow and fodder. This will be his first 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 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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Sanani to buy cattle, one milkier cow and fodder.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2013
Listed
Dec 8, 2013
Currency Exchange Loss:
Covered
Expired:
Feb 6, 2014