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Sona, a 45-year-old married mother of one son, is an IDP (internally displaced person) living in the Bilasuvar IDP Settlement. For the past 12 years Sona has been breeding cattle and cows in order to supplement her husband`s salary, which is too low to cover family needs. Meat is in very high demand in Azerbaijan, where people use it in everyday dishes like pilau and dolma. Sona also keeps milk cows for personal use and to sell to neighbors. She also sells home products.

Sona usually buys small calves, raising and fattening them for five-six months, and then reselling them for profit in the livestock bazaar. The business earns about 250 AZN each month and is now the family's main source of income. Because she wants to expand her business and improve her family's living conditions, Sona is requesting a loan of 1000 AZN to purchase three heads of cattle, one milk cow, and one baby calf. She has a good client history, and this will be her fourth loan.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Sona to buy three heads of cattle, one milk cow and one baby calf.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Feb 10, 2012
Currency Exchange Loss:
Dec 15, 2012