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Zergelan
Zergelan A. is 49-year-old married woman who lives with her husband and three children in Otuziki village in the southern part of Azerbaijan, Imihsli town. Zergelan has 6 years of experience in animal breeding; she has two calves and one buffalo. She buys baby calves, feeds them and raises them for meat. Meat is in very high demand and people use it for their meals almost every day. Zergelan now wants to expand her business and would like to start selling milk and yogurt. She is therefore requesting a loan of 1200 USD to purchase one milky cow for 800 USD, a calf for 250 USD and cattle fodder for the autumn season. The estimated cost for a cow in Azerbaijan is 600-800 USD depending on how many liters of milk it can produce; and a calf is 200-400 USD, depending on how many kilograms it weighs.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Zergelan to purchase one cow for 800 USD, one calf for 250 USD and fodder for the remaining 150 USD.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 19, 2007
Listed
Sep 4, 2007
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2009