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Aqil
A. Aqil is a 27-year-old young businessman who keeps a cow in a small village of Saatli region. He is married and has three children. He started his business in 2004, when he was just a young boy and, since that time, he has sold yoghurt and milk to the neighbors.

Mr. Aqil's clients knows him very well and he is very polite to them. Sometimes, all of his milk is sold, but clients are still coming and knocking at the door and asking Aqil to sell them a liter of milk. Expanding his business will bring him good income and he will be able to keep his children in good condition. He needs $1000 USD to purchase an additional milk cow and baby 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

  • $10,800
    Average annual income
  • 10
    View loans »
    Azerbaijan Loans Fundraising
  • $14,235,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Aqil to purchase one cow and one baby calf.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 25, 2008
Listed
Mar 10, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009