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Qarkhun
Qarkhun N. is 31 years old and is married with two children. He is the sole breadwinner for his family and his only income comes from the raising and sale of large livestock at the local market.

Every year, Qarkhun buys young heifers from the farms in adjacent villages. He raises them with the help of his wife and children and then sells the adult cows and bulls to local butchers.

Today, Qarkhun is thinking about expanding his business since the income from his present herd isn't enough to provide for his family. He plans to purchase additional calves and, to do this, he needs to invest an additional 1,600 AZN in his business.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Qarkhun to purchase three calves and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 22, 2010