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Arastun
Arastun K. lives in the Imishli district. He is a 30-year-old married man who has one son and one daughter, ages 5 and 2. Arastun has been engaged in a cattle-breeding business for over 4 years. In the past he was the main helper of his father, who is a farmer. Arastun was married in 2004 and decided to start his own business at that time.

He requested a loan in the amount of 2,000 AZN to purchase three more cows to raise and sell. This is his first loan through AqroInvest and Kiva. Arastun is very thankful because the income from this loan allowed him to increase the monthly income of his family up to 300 AZN. He plans to purchase at least ten more dairy cows in the next three years.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    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 Arastun to purchase three cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 28, 2011
Listed
Feb 11, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012