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Xanim
Xanim is 40 years old, married, and together with her husband she is bringing up 3 children. Xanim is happy with her children. She has a high school education. As a main source of income for her family, Xanim raises livestock, having started 13 years ago. Thanks to the hard work of Xanim and her husband, the homestead currently has one heifer, five sheep, and ten goats.

Also, on the territory of the house, Xanim has a small garden with apple and plum trees. In the autumn after collecting the crop, Xanim prepares jam and compotes for her family from apples and plums. The remaining portion of fruit and berries are sold. Their monthly income consists of about 200 AZN.

With the aim of further developing her homestead, Xanim turned to Aqroinvest CU and Partners for a loan of 2,000 AZN to buy sheep in order to increase their livestock headcount. She hopes for your kindness.

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
  • 23
    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 Xanim to buy sheep to increase their livestock headcount.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2015