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Maharram
Maharram is 49 years old and married with two sons. He has bred cattle and sheep for the last 10 years. During these years, he gained the necessary skills and knowledge for effective management of his business.

He usually buys small calves, raises and fattens them for 5-6 months and then resells them at a more profitable price in the livestock bazaar. His monthly income is 220 AZN and this business is only one source of financial income in his family. Beef is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. He also sells fur because local people make blanket from it.

Now Maharram would like to buy more animals and for this purpose, he applied for a loan of 1,000 AZN. He will buy one cattle and six sheep. This will be his second loan with AqroInvest and he has a positive client history.

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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Maharram to buy cattle and sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 20, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013