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Teymur A. is a 28-year-old man. He is married and the father of two daughters - aged two and four. Teymur lives in the Bilasuvar region. He grew up in a working peasantry family. Cattle-breeding business is very agreeable to him, because he knows very well how to breed animals from his childhood. He breeds cattle and has been in this business for 10 years.

He took out the loan to buy calves. This is his first loan with AqroInvest and Kiva. With the help of this loan of 1000 AZN, Teymur will buy two more cows for his husbandry. Teymur's goal is to increase his products and thereby increase his household income.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Teymur to buy two cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 17, 2011
Mar 19, 2011
Currency Exchange Loss:
Feb 15, 2012