Nofel raises livestock and plants crops to provide the main source of income for his family. He has 12 years of experience in this field.
Thanks to his hard work, Nofel now has four dairy cows and four hectares of land for planting potatoes and tomatoes every year. He has everything he needs to take care of the livestock. His monthly income is 120 AZN from this business.
In order to develop his farm, Nofel asked Aqroinvest CU and Kiva for a loan 1200 AZN to buy more cows.
Nofel plans to use the profits to invest in more livestock, and to save money to improve his family's welfare.
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 AqroinvestAqroinvest 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.
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