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Ibrahim S. is a 53-year-old married man who has three children. He is a farmer in Varkhankend Village near Imishli town, situated in the southern part of Azerbaijan. He started his business in 1999, when he purchased one cow with money he had saved up. He has made very good profit by selling milk products such as yoghurt, sour-cream, and milk. These products are in high demand in his area.

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.

Additional Information

About Aqroinvest

Aqroinvest 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Ibrahim purchase two calves to expand his micro-business into meat production.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Sep 13, 2007
Aug 28, 2007
Currency Exchange Loss:
Jan 15, 2009