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M. Allahverdi Khangulu Oglu is a local farmer from Beyler village of the Saatli region. He has a big family: his wife, 4 children and his parents. Animal husbandry is the only income source for the family, besides pensions received by his elderly parents. His business is very small and he keeps only milking cows. So he decided to improve his business by having a new product – calf breeding for meat production. To realize this idea, he requested from “Agroinvest” 700 USD for purchasing young calves and feed.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Allahverdi purchase calves and feed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 20, 2007
Jun 5, 2007
Currency Exchange Loss:
Sep 25, 2008