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Elminaz is a 37-year-old woman. She is married with four children. She is an IDP and lives with her family in an IDP settlement. She is an animal breeder and fattens sheep. She has more than 10 years of experience, which makes her an experienced person. She has gained trust and respect from the local butchers and local vendors.

She usually buys lambs, raises them and fattens them, and in 4-5 months, she sells them for a more profitable price at the local livestock bazaar. People in Azerbaijan use mutton in everyday national dishes, such as pilau and dolmas, and always use yoghurt sauce. Mutton is considered very healthy and also present in everyday life. Fur is very useful for blankets and bed mattresses, which are made by local women. Her monthly income from this business is 160 AZN.

Now, Elminaz would like to expand her herd and purchase five sheep and one additional cow. She wants to buy a cow because there is a high demand for fresh milk and yoghurt. She applied for a 1000 AZN loan to reach her goals.

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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Elminaz to buy five sheep and one cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 26, 2012
Aug 20, 2012
Currency Exchange Loss:
Jul 17, 2013