Over the years, life in Azerbaijan has gotten harder and harder and to cover family needs, one cow is not enough. In 2006 Ibrahim borrowed US$ 500 to add to his own savings of $250 and purchased another milk cow. Since January 2007, prices have doubled and Ibrahim has applied for a loan of $800 from Aqroinvest CU to purchase two calves for meat production. The estimated cost for one calf is $400.
About AqroinvestAqroinvest 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.
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Success!! The loan was 100% repaid