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Sona
Sona is 49 years old. She purchases and resells cows, poultry, and sheep with her husband. She has four children. Sona would like to request a loan in order to purchase additional cows to increase her inventory and to meet customer demands. She believes this will lead to greater revenue and, ultimately, to greater profit for her family. In the future, Sona would like to reinvest the earnings generated by this loan back into her business to purchase additional cows and poultry to increase her family's income further. They plan to use the increased income to fund their children's education. Sona deeply appreciates the trust and support you are giving her.

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
  • 28
    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 Sona to purchase two cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012