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Akhmadaga A. is a 57-year-old man who has been breeding cattle in the small village of Sabirabad since 1988. Akhmadaga is married and has four children who are grown adults. He sells cattle to the local butcher shops and residents. He has applied for a 1000 AZN loan to purchase two cattle and fodder. Akhmadaga has already successfully completed his first loan from AqroInvest through KIVA and he wants to state his appreciation to everyone who supported his business.

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
  • 69
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    Funds lent in using Kiva
  • 0.9
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Akhmadaga to purchase two cattle and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 4, 2010
May 24, 2010
Currency Exchange Loss:
Apr 30, 2011