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Elekber
Elekber is a cattle breeder with 10 years of experience. He is married and has two children. He usually buys small calves to raise and fatten them. After five or six months, he resells the cattle at the local livestock bazaar. His monthly profit it 300 USD. Cattle breeding is only one source of income for Elekber`s family.

Lending services from AqroInvest CU have fostered the expansion of his small venture. Now he has applied for a 1,000 AZN loan to purchase more cattle and increase his monthly profit. This will allow Elekber to improve the living conditions of his family.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Elekber to purchase two cattle and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jul 12, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012