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Ahmad
Ahmad is a 28-year-old man who breeds cattle. He has been engaged in this business for the past 4 years. He is an IDP (internally displaced person) and lives with wife in Bilasuvar IDP Settlement. He usually buys small calves, raises them and resells them in 5-6 months at a more profitable price. Ahmad sells cattle for meat which is a very profitable business because meat is very popular in Azerbaijan and locals use it in everyday cuisine. His monthly income is 200 AZN. His wife helps him to run the business. Cattle breeding brings stable income to Ahmad’s family; it is the family's only income source. He needs additional capital to purchase more cattle to increase sales and improve the living conditions of his family.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Ahmad to purchase cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012