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Sahib
Sahib M., a 61-year-old married father of six children, is the family's sole breadwinner, and his only income derives from raising and then selling large livestock at the local market. Each year he buys young calves from the farms in adjacent villages, raising them with the help of his wife and children and then selling the adult cows to local butchers.



Sahib would like to expand his business, as the income from his existing herd isn't enough to provide for his family. To do this, he is requesting a loan of 500 AZN to purchase two baby calves.

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

  • $6,171
    Average annual income
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,072,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Sahib to purchase two baby calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012