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Ali M. is a 53 year old farmer who breeds sheep in the small village of Saatli located in the southern part of Azerbaijan. Ali is married and lives with his parents in one house. Ali started his business in 1985. He chose this type of business because it is very beneficial and brings permanent income to his family.

Ali applied for a 1500 USD loan to purchase 15 sheep at the price of 100 USD each.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to purchase 15 sheep to expand his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 29, 2009
May 11, 2009
Currency Exchange Loss:
Oct 15, 2010