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Mehrac
Mehrac is 60 years old and married man. He is a farmer from the Bilasuvar and has been farming for many years. Mehrac's greatest goal is to improve his economic situation and provide a better life for his children. He has two sons and three daughters. Mehrac sells meat and dairy produced in his cattle-breeding business at the Bilasuvar bazaar. He applied for 1000 AZN loan to purchase three more calves for his breeding business. After repaying this loan he plans to apply for another loan from Aqroinvest to buy 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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Mehrac to purchase three calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
May 30, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012