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Malik B. is a 38 years old farmer who owns his small business of selling dairy to local neighbors. He lives with his wife and four children in the southern region Bilasuvar, in Internally Displaced People Settlement. He started his business in 1990 and since that time it has been his only source of income. He recommends himself as a good borrower, because he already borrowed a loan from Aqroinvest and successfully paid it back. Now he applied for $800 USD to purchase one more cow and start selling milk to the local milk factory.

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
  • 31
    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 $800 helped Malik malik would like to purchase one milking cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 25, 2008
Jun 10, 2008
Currency Exchange Loss:
Jan 15, 2010