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Damirali D. is a 55-year-old farmer who keeps a cow and sells milk and yoghurt in a small village of Saatli region. He has more than ten years of experience in this business. He is married and has four children. Dairy products are in high demand all across Azerbaijan. Damirali decided to increase his income and has applied for $1100 USD. With this loan, he is going to purchase two baby calves for $200 USD and two calves for an estimated cost of $300 USD each and fodder for the rest 100 USD.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Damirali going to purchase two calves and two baby calves and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 27, 2008
Mar 11, 2008
Currency Exchange Loss:
Oct 15, 2009