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Khafiz is 55 years old. He is married and has three children. He is the sole breadwinner for his family, and his only income comes from raising and selling large livestock at the local market. Every six to eight months, he buys baby calves from farms in villages. He raises them with the help of his wife and then sells the grown cattle to local butchers. His monthly income from the business is about 450 USD.

Khafiz is thinking about expanding his business because the income from his present number of cattle is not sufficient to provide for his family. He plans to purchase more young cattle. To do so, he needs to invest an additional 1800 Azerbaijani New Manat (AZN) in his business. This will be the fifth loan from AqroInvest to Khafiz, and he has a good credit history.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Khafiz to purchase two cattle and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Oct 16, 2011
Currency Exchange Loss:
Sep 15, 2012