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Farman
Farman is a 46-year-old farmer who breeds and resells cattle and dairy products in a small village in Saatli region. He is married and has two sons. Farman usually buys cattle and breeds them for six months. After that, he resells them in the livestock bazaar. Milk selling is also one of the sources of additional income for his family. His profit from both businesses is $200 US. Now Farman would like to purchase one more milking cow and cattle to increase his profit. For this purpose, he applied for 1100 AZN. This is his second loan and Farman promises to repay as good as the first time.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Farman to purchase one milking cow and two cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012