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Adelet
A. Adelet is a 47-year-old farmer who lives in the small village of Varkhankend situated in the southern Azerbaijani region, Saatli. Adelet is married and has four children. He has seven years of experience in animal breeding. At first, he borrowed from his friends and purchased one calf. When it grew up to a milk cow, it brought him good income and he purchased another one.

Currently Adelet has four cows and two buffaloes. These animals bring him good income from selling dairy products such as milk, butter and yoghurt to the local and capital bazaar traders. Adelet and his wife do not work and keeping animals is the only source of revenue in their family. This income is just enough to cover family needs. But he still has no place to keep the cattle. Adelet decided to build himself a shed and for this purpose he saved some money and applied for 1200 USD to purchase building materials.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Adelet going to build a place for keeping cattle.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 19, 2007
Listed
Oct 3, 2007
Currency Exchange Loss:
N/A
Ended:
May 15, 2009