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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 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
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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