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Sakir is a 46-year-old married man with three children. He is an internationally displaced person (IDP) and lives with his family in Bilasuvar, an IDP settlement. He breeds sheep and cattle and sells them for meat to local butchers. Sakir has more than 10 years of experience in this field thanks to his father, who taught him how to best look after cattle.

Sakir usually buys small cows or lambs, raises and fattens them for five to six months, and resells them for a more profitable price in the local livestock bazaar. Meat selling brings him an income of 80 AZN per month. People use beef and mutton in everyday national dishes like pilau and dolma and always use yoghurt souse. Sheep wool is also very popular, and blankets are made of sheep wool.

This is the only source of income for his family and it's not enough to cover the basic needs of his beloved children. Sakir applied for a loan of 1500 AZN to purchase one cow and 15 sheep. This will be his second loan from Aqroinvest; Sakir has a good client history.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,860,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Sakir to buy one cow and 15 sheep.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Oct 14, 2012
Currency Exchange Loss:
Nov 17, 2013