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Ali
Ali is 55 years old, married and has 6 sons! He works in animal-husbandry. He has cattle and sheep. He purchases the cattle in the local market and then he breeds and sells them. The cattle are kept in the house and it takes a lot of effort to care for them. Every day, Ali gets up early in the morning to feed his animals and all day, until late at night, he is busy looking after the cattle.

He provides the markets with meat and his family with the necessary food. Ali wants to buy young cattle and needs money so he decided to apply for a loan of 1500 AZN. Ali has already demonstrated himself to be a good client with a positive credit history with three previous loans.

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 $1,925 helped Ali to purchase 2 cattle and 8 sheep.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013