Final 2011 MicroLoan Issued To Columbian Single FatherOn 06 December 2011, Genzell Mauricio Suarez Ropero, a 43-year old single father from El Carmen de Viboral, Columbia became the final 2011 recipient of a Crown Trust KIVA microloan. Read more...
MicroLoans First Crown Trust Microloan of 2011 Issued
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| First Crown Trust Microloan of 2011 Issued |
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| Written by Crown Trust |
| Friday, 07 January 2011 18:22 |
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On 07 January 2011, Etibar Yusifov of Sabirabad, Azerbaijan became the recipient of the first Bahoudii Crown Trust Microloan for 2011. Etibar Yusifov is 26 year-old young man who has a cattle-breeding business in his settlement. Etibar and his family are refugees from Nagorno-Karabakh. He, his wife and their two year old son live in a small refugee settlement for families in the Sabirabad region. The hardships of being refugees made it difficult to support the family so Etibar decided to start his own livestock-breeding business in 2008. Since that time he has done well and he is using this loan administered by Aqroinvest and Kiva to buy two more cows to add to his current five. Etibar and his family also breed other animals and Etibar foresees a bright future for his cattle-breeding business and is sure that having more cows will allow him to further increase his family's income. He is a diligent man who plans to buy ten more cows after repaying this loan. This MicroLoan was made under our agreement with www.kiva.org and has been disbursed through AqroInvest Credit Union - a Kiva partner since May of 2007 - Aqroinvest CU is one of the biggest credit unions in Azerbaijan. It was founded by 32 farmers in 2001. Its main purpose is to provide financial support to union members, assist low-income people in developing their businesses and improve their living conditions through the provision of financial services. Aqroinvest CU operates in 5 rural regions of Azerbaijan through its branches established in the villages of those districts. It has 1115 members, 52 percent of whom are refugees, 40 percent are female, and 80 percent are farmers. Aqroinvest is a member of the Azerbaijan Microfinance Association and the Azerbaijan Credit Union Association. Aqroinvest CU can be contacted via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it Kiva also reported on 06 January that four more repayments had been received on outstanding loans: Leonora Verduguez De Alegre of Bolivia Total Repaid So Far: 50.00% Repayment Status: On Time View loan profile at: http://www.kiva.org/lend/150988?_te=ru Hussein in Lebanon Total Repaid So Far: 50.00% Repayment Status: On Time View loan profile at: http://www.kiva.org/lend/160766?_te=ru Youssef in Lebanon Total Repaid So Far: 66.68% Repayment Status: On Time View loan profile at: http://www.kiva.org/lend/192724?_te=ru Marta Beatriz Guevara Romero of El Salvador Total Repaid So Far: 16.64% Repayment Status: On Time View loan profile at: http://www.kiva.org/lend/220246?_te=ru
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In a related story, Intermicronational Team Kiva, founded 10 August, 2009 by President Kevin Baugh of Molossia, with the Bahoudii Crown Trust's latest microloan has to date been responsible for the issuance of 750.00 $US in microloans to better the lives of real people and build local community economies around the globe.