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Tofiq
Tofiq A. is a 49-year-old farmer who sells milk and yogurt to the local bazaar traders. He also breeds calves. He has ten years of experience in this field. He lives with his family in a small village in the Saatli region. He applied for a loan of $1200 to purchase one milker cow for $600 and two baby calves for $300 each.

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
  • 36
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Tofiq to purchase one milker cow and two baby calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 24, 2008
Listed
Apr 29, 2008
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2009