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Rafiq R. is a hardworking man who works in the cattle raising business. He is married with four children. He works hard to provide everything his family needs. Presently, Rafiq is sacrificing and working hard to make his business grow. He buys young calves, then raise them and sells for a profitable price to the local butchers.

He is requesting a loan of 1000 AZN that will allow him to purchase young calves. He plans to feed and raise these cows. His goal is to then get the most return from the sale of the cows' milk products. This will be his first loan with AqroInvest CU and Kiva. His experience and our evaluation shows he is qualified to receive the loan.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Rafiq to purchase three young calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 16, 2010
Sep 12, 2010
Currency Exchange Loss:
Sep 15, 2011