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Ayyub Q. is a 52-year-old farmer living in Imishli, Azerbaijan. He has lived in the same small village his entire life. For the past 12 years, he has earned a living by selling the milk and yogurt he produces from a dairy cow. To expand his business, he has applied for a loan of $1,200 U.S. dollars to purchase three calves to raise.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    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 Ayyub to buy four calves for a small dairy farm.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 29, 2008
May 9, 2008
Currency Exchange Loss:
Dec 15, 2009