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Rahman
Rahman is 44 years old and married with a daughter and two sons. His wife is a housekeeper. They are refugees and live in a settlement for IDP (internally displaced peoples). Rahman has been raising husbandries for 12 years such as sheep and cows. He sells milk, meat and sheep's wool at the local bazaar and earns 130 AZN monthly.

The region where he lives is very cold. That’s why people's demand for wool is very high. They make coats, jackets, gloves and socks to keep themselves warm. People use meat to prepare dishes every day and drink milk because it is very useful for health.

Rahman wants to increase his income because his current earnings are not enough to cover life's demands. He applied for a 2,000 AZN loan in order to buy more animals.

Additional Information

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,575 helped Rahman to buy more animals.
49% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2014
Listed
Jan 25, 2014
Currency Exchange Loss:
Covered