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Elshad Q. is 35-year-old farmer who owns a sheep herd and lives with his three children and wife in small Otuziki village in the southern part of Azerbaijan, in the Saatli region. Elshad has seven years of experience in sheep breeding and mutton selling to the local and capital traders. Elhsad`s business going very well because mutton is in high demand all across Azerbaijan and people eat fresh meat at home and cafes. Elshad decided to expand his business and purchase one milk cow and seven sheep. The estimated cost for cow is $700-800 USD and for one sheep is $60-70 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
  • 24
    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 Elshad to enlarge his sheep herd and purchase one milk cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 17, 2007
Nov 1, 2007
Currency Exchange Loss:
Jun 15, 2009