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Afras
Afras A. has a great passion for breeding sheep and has been in this business for thirteen years. He is 36 years old and married, with two children. Afras would like to expand his business by adding more sheep to his herd. This is because he recently acquired out-of-town orders to supply mutton. Afras is requesting a loan of 1,600 AZN in order to buy twelve sheep and fodder. With additional income, Afras will be better able to meet his family's financial needs and especially to provide for the education of his children.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Afras purchase additional sheep and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 25, 2010
Listed
Feb 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2010