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Rza
Rza is a 56-year-old man who has been in the business of animal sales for the last 10 years. Rza breeds cattle and sheep for meat; he also sells milk and dairy products. Rza`s monthly income is about 150 USD. He would like to expand his business and purchase more cattle and sheep. Meat is in very high demand among Azerbaijani people, especially in the summer when there are a lot of wedding parties. Rza would like to take this chance to purchase as many animals as he can. This will be Rza's fourth loan from AqroInvest.

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
  • 29
    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 $1,800 helped Rza to purchase ten sheep 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