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Lala
Lala H. is a 55-year-old married woman who lives with her four children and owns a small farm. She lives and works in a small village in the Southern part of Azerbaijan. Lala, together with her husband, have been running a business raising and selling sheep. She has 14 years of experience in this field.


Sheep raising and selling is a profitable business, and Lala has become a very successful businesswoman in a very short period. The income is enough to cover her family's needs, but as her children grow, covering family needs has become harder. So Lala is requesting a loan to expand her activities and purchase more sheep. With your help, Lala 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

  • $10,800
    Average annual income
  • 27
    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 Lala purchase 15 sheep and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 29, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 30, 2011