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Ali
I. Ali is 55 years old. He is married and has two children. He is the sole breadwinner for his family, and his only income comes from raising and selling sheep and large livestock at the local market. Every year, he buys young heifers and sheep from farms in adjacent villages. He raises them with the help of his sons and then sells the adult cows and bulls to local butchers.

Ali is thinking about expanding his business because the income from his present herd is not sufficient to provide for his family. He plans to purchase more lambs. To do so, he needs to invest an additional 1000 AZN in his business. In order to obtain this amount, he has applied, for a second time, for a loan from Kiva. Ali has a good client history and has successfully finished his first 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Ali to purchase 15 sheep and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2010
Listed
Oct 21, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011