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Namiq
Namiq J. is a 51-year-old farmer who raises milk cows for dairy sales and breeds calves for meat sales. He has run this business since 2001. Originally, he is from a small village in Imishli, and he continues living there with his wife and four children. It is hard to sustain a six-member family, so Namiq has decided to develop the one financial source in his family, and purchase more calves for breeding. For this purpose, he has applied for $1200 USD to purchase 3 calves for $400 USD each.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Namiq to purchase 3 calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 23, 2008
Listed
May 19, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010