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Umudvar
Umudvar is a 55-year-old man who lives in a small village in the Imishli region with his wife and three children. He breeds cattle. He has 15 years of experience in this field. He usually buys small calves, raises and fattens them, and sells the meat for a profitable price in the Imishli livestock bazaar.
Cattle breeding requires a lot of physical activity and spending most of the time in the open air. Pasturing takes 80% of Umudvar`s time. His son also helps him to pasture and feed the animals.

Meat is a very popular product in Azerbaijan and people use it in most everyday dishes. Umudvar can’t serve his current market well because of insufficient numbers of cattle, however he would like to change the situation and purchase more cattle.

His monthly income is 300 AZN. Umudvar applied for a loan of 1,100 AZN to purchase three baby calves.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Umudvar to purchase three baby calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013