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Nizami is 46 years old and married with four children. He breeds cattle and sells them for meat to local butchers right from his home. Nizami has more than 10 years of experience in this field thanks to his father who taught him best how to raise cattle.

Nizami usually buys small calves, raises and fattens them in five to six months and resells them for profit at the local livestock bazaar. Meat-selling brings him a 200 AZN income per month. People use beef in everyday national dishes as pilau and dolma and always use yogurt sauce.

This is only one income source for his family and it is not enough to cover the basic needs of his beloved children. Nizami applied for a 1500 AZN loan to purchase four head of cattle.

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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Nizami to buy four head of cattle.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 28, 2012
Sep 11, 2012
Currency Exchange Loss:
Oct 11, 2012