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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 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
  • 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 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