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Rovshem N. is 42-year-old man who lives with his two children in the southern part of Azerbaijan Imshli region. He has been running his business since 2003. He has one cow, which brings him income from milk and yogurt. The milk products are in high demand all across Azerbaijan and Rovshem is planning on expanding his business and purchase two additional cows. The estimated cost for one cow is 700-800 USD. Therefore, he is applying for a loan of 1200 USD and has saved 200 USD from his income to pay for these.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 15
    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 $1,200 helped Rovshen to purchase two cows in order to expand his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Oct 15, 2007
Oct 1, 2007
Currency Exchange Loss:
Feb 15, 2009