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Jabrayil
Jabrayil E. is 49 years old. He is married and has five children. Jabrayil is the sole breadwinner for his family and his only income comes from raising large livestock and their sale at the local market. Every year, he buys young calves from farms in adjacent villages. He raises the calves with the help of his wife and sons. He then sells the adult cows and bulls to local butchers.

Today, Jabrayil is thinking about expanding his business, since the income from his present herd isn't enough to provide for his family. He plans to purchase additional young cattle. To do this, he needs to invest an additional 1,000 Azerbaijani new manats in his business

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
  • $14,255,775
    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 Jabrayil to purchase two cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2012