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Miraga
Miraga S. is a 47-year-old farmer who raise cattle. He has five years of experience in this field. Currently Miraga has three cows. He usually purchases small calves, raises them and sells them in the livestock bazaar once every 6 months. His main income is from selling milk and milk products. He is married with a son and daughter. His son helps Miraga to look after his cows. Miraga applied for a loan of 1000 AZN to buy an additional cow.

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Miraga to purchase one dairy cow and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Nov 19, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011