Funded

Total loan: $1,925
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Nariman


A loan of $1,925 helped to buy three beef cattle, one milking cow, and fodder.


Nariman's story

Nariman is 54 years old, married, and has four children. He is an Internally Displaced Person ("IDP") and lives with his family in Bilasuvar IDP Settlement. He breeds cattle and sells milk and milk products, and sells cattle for meat purposes to local butchers. Nariman has more than eight years of experience in this field, thanks to his father, who taught him the best ways to look after cattle.

Nariman usually buys small cattle, raises and fattens them for 5-6 months, and then resells them for a profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Milk and meat-selling brings an income of 140 AZN per month.

Milk and yoghurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes, such as pilau and dolma, and always use yoghurt sauce. Milk products are considered very healthy and are also present in everyday life. This is the only financial income in his family, and it is not enough to cover the basic needs of his beloved children. Therefore, Nariman applied for a loan of 1,500 AZN, which he will use to purchase three beef cattle, one milking cow, and fodder. This will be his third loan, and he has a good client history.



Loan details

Loan length:

17 months
Disbursed date: April 2, 2013
Facilitated by Field Partner: Aqroinvest Credit Union

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: April 2, 2013
Facilitated by Field Partner: Aqroinvest Credit Union