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Chimnaz is a 47-year-old refugee. She is married and has a daughter and two sons. The family lives in an IDP settlement. Her husband is a laborer and this is the way he earns money for the family but the main source of income is husbandry. She has been breeding and selling cows for 18 years. Her monthly income is 180 AZN and she has a good practice in this field.

Chimnaz breeds cows, fattens them and then sells them for a profitable price at a local bazaar. Additionally she prepares dairy products such as milk, cheese, yoghurt and sour milk. These products are in high demand because people use them every day.

Chimnaz has one cow at the moment and her monthly income doesn’t cover the family’s needs. She applied for 1500 AZN in order to buy three cows and increase productivity and income from husbandry.

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
  • 31
    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 Chimnaz to buy three cows and increase productivity.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 7, 2014
May 21, 2014
Currency Exchange Loss:
Dec 17, 2015