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Farahim
Farahim is 55 and a livestock breeder with six years of experience. He is a trusted borrower of AqroInvest and KIVA. He is married and has two grown sons who are, thanks to his experience, independent adults also engaged in farming. Farahim and his sons work on the same farm and their total monthly income is about $400 USD. He usually purchases small cattle. Then he raises them and sells them in the livestock bazaar after five or six months. He would like to purchase more cattle. Summer is the high period for wedding parties and dishes from meat are very popular. Farahim would like to take this chance and purchase more cattle for their meat. This will be his fifth loan from AqroInvest and his second from KIVA.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,936,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Farahim purchase three cattle, one pregnant cow and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 9, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012