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Fakhrat
Cattle farming is an economic activity dedicated to raising animals in order to generate revenue from the animals and the products they provide. Fakhrat T. has earned a living from raising cattle since he was young. He's married and has 2 children that, in Fakhrat’s words, are his reason for living. It should be said that the low income available to people in this rural area isn't enough to maintain a family.


For this reason, Fakhrat works enormously hard to provide a better standard of living for his wife and children. Fakhrat urgently needs to buy cows and calves. He's applied for a loan of 1600 AZN. Be an important part of the growth of Fakhrat’s business.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    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 Fakhrat purchase cows and calves to raise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 30, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 27, 2010