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Tahir S. is a 34-year-old farmer who sells dairy products. He is a local farmer and lives with his wife in the southern region of Imishli. He has seven years of experience in selling milk, and making and selling yogurt. He likes his job and is very polite with every purchaser. Sometimes orders for dairy products are very high, like for 10-15 liters of milk. However Tahir's one cow gives only 5 liters of milk in a day.

Money that he has from selling dairy products just enough for food, so to expand his business he needs more funds. For the purpose of expanding his business he applied for 1200 USD to purchase one more milk cow for the estimated price of 700 USD, and for two calves, each for 250 USD.

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
  • 69
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    Funds lent in using Kiva
  • 0.9
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Tahir going to purchase one cow and two calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 19, 2007
Dec 5, 2007
Currency Exchange Loss:
Jul 15, 2009