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Tofiq
Tofiq is 60 years old, married and has seven children! He breeds cattle for milk and meat purposes. Tofiq has 20 years of experience in this field. He is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. The income his business generates is 150 AZN per month. Meat and milk are the most popular products in Azerbaijan and to meet customer demand, Tofiq want to buy more cattle. For this purpose, he applied for a 1500 AZN loan. It will be his second loan from AqroInvest CU and he has a good client 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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    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 Tofiq to purchase two dairy cows and one beef cow.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Nov 11, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012