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Aug 12, 2016 8:36 AM ET

Archived: Azerbaijan – Etibar: A loan of $775 helps to buy a few more cows.

iCrowdNewswire - Aug 12, 2016


Bilasuvar, Azerbaijan / Animal Sales
Borrower image

Etibar’s story

Etibar is 22 years old. He is living in the Bilasuvar region with his family. He has finished just his high school education.

Etibar loves helping his family and he also supports his elderly parents, visiting them daily and taking care of the farm. He is a very hard-working person and loves his job as a farmer. As a farmer, he is involved in daily farming activities. He has some cattle and raises small calves in his own yard. He usually fattens them and sells their meat in the local market. He has been doing this activity for the past two years, but has seen his parents doing it for more than four years and thus gained some experience.

People in Azerbaijan prepare traditional foods mostly with meat. A lot of people like to consume meat. Since he knows that the existing demand is high in the local bazaar, Etibar is also planning to expand the business a little. To meet demand, he needs to have fatter calves and buy a few more cows. 

This loan is special because:

It helps people who have been displaced from their homes by conflict. 

Kendra Thorogood
Kiva staff 

More 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 Credit Union:

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.

A loan of $775 helps to buy a few more cows.

Contact Information:


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