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Fariz
Fariz is a 36 year old young man. He is IDP and lives with his wife and one daughter in Bilasuavr IDP Settlement. He breeds cattle and has three years of experience in this field.

Cattle breeding requires a lot of physical activity and Fariz spending most of the time in the open air. Pasturing takes 80% of Fariz`s time. He usually buys small calves, raises and fatten them for 5-6 months and then resells them for more profitable prices in the livestock bazaar. His monthly income is 200 AZN and this business is the only source of financial income for his family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.

Fariz would like to purchase more cattle and for this purpose he applied for 1000 AZN. He needs this loan to increase monthly turnover and cover the needs of his customers.

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 $1,275 helped Fariz purchase two calves and fodder.
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:
Jan 15, 2013