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Agakerim
Agakerim J. is 63-year-old farmer, who runs his small business consisting of two cows from which he sells milk. Agakerim lives in Saatli region, in Alisoltanli village, which is situated in the southern part of Azerbaijan. He started his business in 1993, when he purchased his first cow. Together with his wife he started to sell milk and yogurt; this business helped them to improve their life conditions.

Soon after, when they had saved some money, Agakerim purchased another cow. The milk and yogurt is in high demand all across Azerbaijan. Life in the village is become harder and harder every day, because there is much competition in this field. So he had applied for 1200 USD to purchase an additional cow for milk and two calves for meat production. The estimated cost for a cow in Azerbaijan 600-800 USD and for a calf is 200-400 USD.

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
  • 43
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Agakerim to purchase two calves each for 250 USD and one cow for 700 USD.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2007
Listed
Sep 4, 2007
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2009