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Chimnaz
Chimnaz is a 47-year-old refugee. She is married and has a daughter and two sons. The family lives in an IDP settlement. Her husband is a laborer and this is the way he earns money for the family but the main source of income is husbandry. She has been breeding and selling cows for 18 years. Her monthly income is 180 AZN and she has a good practice in this field.

Chimnaz breeds cows, fattens them and then sells them for a profitable price at a local bazaar. Additionally she prepares dairy products such as milk, cheese, yoghurt and sour milk. These products are in high demand because people use them every day.

Chimnaz has one cow at the moment and her monthly income doesn’t cover the family’s needs. She applied for 1500 AZN in order to buy three cows and increase productivity and income from husbandry.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,925 helped Chimnaz to buy three cows and increase productivity.
44% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible