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Sona A. is a 59-year-old married woman who owns a milk products business in the small, southern village of Varkhankend, near Saatli region. She has five children. Sona has twelve years of experience in selling milk products. Dairy products are in high demand all across Azerbaijan and people use yoghurt and milk every day. They think it is very healthy and tasty at the same time.

Sona and her husband work very hard to cover all their family needs. But now the children are growing up and life has become much more difficult. Sona decided to improve her living conditions and purchase one milk cow and one calf for meat production. The estimated cost for a cow is 700-800 USD and for a calf is 200-300 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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sona purchase one milk cow and one calf.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 17, 2007
Oct 3, 2007
Currency Exchange Loss:
May 15, 2009