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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 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 $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