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Mammadali
Mammadali is a 34-year-old man, who has engaged in farming for the last six years. He is an Internally Displaced Person. He is married and has three sons. He grows pomegranates and seasonal vegetables and sells them in the local market. This is a profitable business, especially his pomegranates, which are popular not only in Azerbijan, but also in Russia. This product is in high demand.

His monthly income from his business is 200 AZN and this is the only financial income for his family. He has applied for a loan of 1500 AZN to purchase fertilizers and seeds as well as garden tools and to improve his irrigation system.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Mammadali to purchase fertilizers and seeds for his farm.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012