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Agaqadir
Agaqadir M. is a 48-year-old man who sells honey in the small village of Agsu. He started his business when he was 20, continuing his family business. It is very hard and dangerous work but Agaqadir adores his bees and his job in general.

As it is the only one source of income for his family, Agaqadir makes the best honey in his village. He is married and has three sons and dreams to provide his all sons with higher education. Agaqadir has a good income from honey sales because this product is very popular among Azerbaijani people.

Agaqadir applied for a $1500 loan in order to improve his bee keeping conditions and purchase new beehives.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Agaqadir to purchase new beehives.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 29, 2009
Listed
May 16, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 18, 2010