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Aydin A. is a 44 year old farmer who has sold dairy products to the local people for many years. He started his business in 1997 when he purchased his first calf and start raising it. He lives with his wife and three children in a small village in the Imishli region. He has applied for a loan to expand his business and purchase two dairy cows. He believes this loan and the new cows will help him to improve the conditions of his family.

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
  • 32
    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 $1,200 helped Aydin to purchase two dairy cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 17, 2008
May 20, 2008
Currency Exchange Loss:
Jan 15, 2010