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Khaqani
K. Khaqani is a 30-year-old farmer who breeds calves and keeps one milk cow in small village of Imishli. He started his business in 2003. He is married and has three children. He breeds calves for sale and keeps a cow to have milk and dairy for his family, but now he would like to expand his dairy business, and start selling milk to the local people. He has applied for $1000 USD to purchase two cows and to develop his dairy business.

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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,143,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Khaqani to purchase two cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 15, 2008
Listed
May 18, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010