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Osman is a 29-year-old refugee. He is married, has a son, and lives with his family in an IDP settlement. His wife is a housekeeper and raises their child. Osman is a farmer and has raised livestock (cows) and sold hay for 5 years. He raises them and the sells milk and meat at the local bazaar.

Cattle breeding is very popular in Azerbaijan because people have high demand for milk and meat. They like to drink milk every morning or when they feel ill, and use meat to prepare delicious national dishes.

Osman’s income doesn’t cover his family’s demands. He applied for 1,200 AZN to buy additional cattle and build a stable for his cows. He plans to increase his income and provide his son with a good education and bright future because he loves his family very much.

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
  • 16
    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 $1,550 helped Osman to buy additional livestock and build a stable for his cows.
54% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 28, 2014
May 5, 2014
Currency Exchange Loss: