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Arzu
Arzu A. is a 44-year-old woman with two children. She has bred cattle for the last ten years. Poverty and lack of jobs pushed her to start her own business. As Arzu had previous experience working on a farm, her business has gone well and today, she has five cows. She also has enough room and fodder for even more cattle. So she decided to take a loan of 900 AZN and purchase more cattle and sheep. She wishes to increase her current income from 250 AZN to 500 AZN and the loan will allow her to do that. With her first loan from KIVA she was able to improve her business and recommended herself as a trust-worthy client of AqroInvest.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Arzu purchase two cattle and four sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Aug 23, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011