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R. Akif is a 49-year-old farmer who breeds calves for the meat selling in the small village of Saatli. He has been in the business since 1993. He is married and has three children. It is very hard to keep his family in good conditions selling only meat, and Akif has decided to purchase two cows and start selling dairy products as milk and yoghurt. Dairy products are in very high demand all across Azerbaijan, and Akif believes that it will bring him benefits in the future.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Akif to purchase two cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 21, 2008
May 4, 2008
Currency Exchange Loss:
Dec 15, 2009