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Sirac A. is a 45-year-old man from Bilasuvar. He lives with his wife and four children who are from 23 to 8 years old. Sirac has three daughters and one son, who actively helps him in his cattle-breeding business. He has been engaged in this line of business since 2002. This is the only source of income for the family.

Sirac is a good client based on his history of repaying his previous loan from AqroInvest. He requested his second loan of 2000 AZN from AqroInvest and Kiva to invest more in his farming. He bought four more cows and thanks to that, the income of his family increased up to 400 AZN per month. Now Sirac has seven cows, but after repaying this loan he would like to take out another loan to buy five more cows.

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
  • $13,992,500
    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 Sirac to buy four cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 17, 2011
Feb 9, 2011
Currency Exchange Loss:
Aug 15, 2012