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Babek, 37, is married and has three children.

Three years ago he decided to cultivate the land he owned. He did so to generate more income so he could support his family.

Babek grows wheat, corn, seasonal fruits and vegetables, which he carefully tends so that he can produce a full, healthy harvest.

He will use the loan of 1,000 AZN to buy seeds and fertilizer that will enable him to improve his yield. Babek enjoys doing this job and that's why he will continue to use loans so he can improve his farm and become a better farmer.

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

  • $10,800
    Average annual income
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Babek to purchase seeds and organic fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2011
Nov 8, 2011
Currency Exchange Loss:
Aug 15, 2012