Check out some available loans that are similar to this one!
Sevindik is 53 years old. He is married and has three sons. He is an IDP and lives in Bilasuvar IDP Settlement. Sevindik has been breeding cattle and milk cows for the past 25 years. He learned to operate a small business from his parents. He continued working in the same business after he was married. Through a lot of sacrifice, he has become one of the leading producers of agriculture for the area in which he lives. With the income from the business, he has been able to raise cattle successfully.

His monthly income is 120 AZN, and this business is the only source of financial income for his family. Meat is in very high demand in Azerbaijan, and people use it every day. Sevindik also keeps dairy cows, for personal use and for selling to neighbors.

He applied for a 2000 AZN loan, which he will use to purchase three beef cattle, one milking cow, and fodder. This will be his seventh loan, and he has a good credit 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
  • 36
    View loans »
    Azerbaijan Loans Fundraising
  • $14,668,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Sevindik to purchase three beef cattle, one milking cow, and fodder.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013