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Avaz
Avaz R. is fifty-four years old and lives with his wife and three children. He owns a cattle-breeding business and has more than twenty years of experience in this field. Since cattle raising and selling is a profitable business, Avaz has become a very successful businessman. His wife and son help with the business because their family is always trying to help one another. Avaz works very hard and spends his weekend time with the cattle, cleaning, feeding and pasturing them. Now he wants to expand his business and buy more cattle, so he has applied for a loan. With your help Avaz can get ahead.

Additional Information

About Aqroinvest:

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Avaz purchase two calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 29, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010