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Azad A. is a 50-year-old man who has raised cattle for the last three years. He is married and has four children. He buys cattle for a profitable price, fattens them and sells to the local butchers or takes them once a week to the livestock bazaar. His monthly income is about 300-400 AZN and he is on the way to increase it to 500 AZN.

As soon as he successfully finished his first loan from Kiva he applied for a new one. He promises to pay it back as well as he did the first one.

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 $1,275 helped Azad to purchase two cattle and fodder.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 29, 2010
Nov 19, 2010
Currency Exchange Loss:
Nov 15, 2011