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Sahib
Sahib is 32 years old and is married with one child. For the past 10 years, he has been engaged in cattle breeding and he has two milk cows and one calf. Sahib sells milk and yogurt to local people and his monthly income is 230 AZN. He is an IDP (internally displaced person) and lives with his family in a Bilasuvar IDP Settlement. Selling milk is a very profitable business and to meet customer demand, Sahib needs more capital.

Sahib is requesting a 1,000 AZN loan to purchase one milk cow and one calf.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,072,050
    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 Sahib to purchase a milk cow and a calf.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012