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Shamsaddin
Shamsaddin S. has raised cattle and farmed for fourteen years. With three children and the responsibility of providing food for his home, he has been able to improve his family’s financial situation thanks to the excellent care that he has given his animals.

Today Shamsaddin finds himself in need of purchasing calves to raise in order to be able to take greatest advantage of raising and selling them when necessary. For this reason he is obtaining loan in order to obtain these animals and raise them so that in time they can be used to support his family.

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

  • $10,800
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Shamsaddin to purchase four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 30, 2009
Listed
Oct 5, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010