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Tehran is 42 years old, married and has four children. He is an IDP (internally displaced person) and lives with his family in Bilasuvar IDP Settlement. He receives 60 AZN in monthly financial support from the government. He breeds sheep for their wool and meat, selling the latter to local butchers and makes 120 AZN a month. His wife is a cleaner whose salary is very low. Altogether, this amount is too low to cover his family’s needs.

Tehran has more than fifteen years of experience in livestock breeding, thanks to his father who taught him the best ways to look after sheep. He usually buys lambs, raises and fattens them in four to five months, then sells them at a profit at the local livestock bazaar.

In Azerbaijan people use meat in everyday national dishes such as pilau and dolmas and always use yoghurt for a sauce. Mutton is considered to be part of a healthy daily diet, while wool is used by local women to make blankets and bed mattresses.

Tehran is applying for a 1,500 AZN loan through Aqroinvest to buy thirteen sheep plus fodder for them. This will be his second loan, and he 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
  • 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 $1,925 helped Tehran to buy thirteen sheep plus fodder for them.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 2, 2013
Apr 9, 2013
Currency Exchange Loss:
Nov 17, 2014