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Niyamaddin
Niyamaddin R. is 37 years old. He buys and sells bulls from different markets and has been in business for the past eight years, when his salary as a school teacher wasn’t enough even for a loaf of bread. His main customers are butchers and livestock farmers. Niyamaddin is married and the father of three children. With the loan he requested, he plans to purchase more bulls for trade and this, he says, will increase his turnover.

His dream is to have his own farm one day. Lets do our best to help Niyamaddin approach his dream.

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

  • $10,800
    Average annual income
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    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 Niyamaddin purchase three bulls.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2010