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Chimnaz is 58 years old, married, and has two daughters and two sons. The members of the family are refugees and live in an IDP (internally displaced persons) settlement. Her husband is a laborer. Chimnaz has been working as a farmer for 30 years. She raises sheep and cows, and then sells meat, milk, and sheep wool at a local bazaar. Her monthly income is 220 AZN.

Cattle breeding is one of the most prevalent parts of farming. People breed sheep, cows, etc. Then they sell milk and meat at local bazaars for big markets or restaurants.

Chimnaz doesn’t earn enough money and can’t cover her living expenses. She applied for 1500 AZN in order to buy additional cattle to increase her income.

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,925 helped Chimnaz to buy additional cattle.
54% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 28, 2014
May 5, 2014
Currency Exchange Loss: