Hay is one of the most important parts of farming. People buy good-quality hay in order to keep high productivity of their cattle. Hay is used for livestock in case the climatic conditions do not allow the use of year-round, fresh fodder. Mikayil supplies good hay for many farms and people know him very well.
Mikayil needs to repair his farm in order to keep it in good condition for his cattles' productivity. He applied for an AZN 1,200 loan in order to buy good fertilizer and additional livestock, to increase his income. This is Mikayil's second loan and he has a positive client history.
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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