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Yaqub
Yaqub is 60 years old. He is married and has 2 children. Yaqub is the sole breadwinner and his only income comes from the cultivation and sale of large livestock at the local market. Every year, he buys young heifers and sheep from the farms in adjacent villages. He raises them with the help of his wife and then sells the adult cows and bulls to local butchers. His monthly profit is 250 USD. Yaqub would like to expand his business, as the income from his existing herd isn't enough to provide for his family. He plans to purchase additional young cattle and sheep. To do this, he needs to invest an additional 1000 AZN in his business.

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
  • $13,942,725
    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 Yaqub to purchase two cows and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2011
Listed
Oct 2, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012