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Vilayat
Vilayat A. is one of the newly established farmers in the Saatli region. He is a 21-year-old single man. He is engaged in the business of cattle breeding. Specifically he buys calves, raises them and sells their meat and mil at the Saatli bazaar every day. Vilayat's father actively helps him in this business. He requested a loan in 2000 AZN from Agroinvest and Kiva to buy animal feed and 3 more calves. This is his first loan. His goal is to increase the number of cows to seven.

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
  • 26
    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 $2,525 helped Vilayat to buy animal feed and 3 more calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012