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Vilayat
Vilayat is 45 years old, married and has three children. He has been working as a farmer for many years. Vilayat is involved in growing fruit trees: pomegranate, apple, pear, etc. He sells seedlings and fruits in the local bazaar. He is also involved in fattening up and selling livestock.

This is his second loan from Kiva and AqroInvest. Vilayat used his earlier profits to buy three dairy cows.

He requested a loan in the sum of 1,500 AZN for the purchase of more seeds and fertilizer to improve his soil.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    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 Vilayat to purchase more seeds and fertilizer to improve the soil.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012