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Shukufa
Shukufa is a 57-year-old married woman with five children. Shukufa has been breeding cattle and cows for the past ten years. She and her husband live on a pension, which is too small. When they had jobs, they had enough salary, and breeding cows was not primarily the source of income. However, after retirement, living got harder, and now, breeding cattle and cows have become primarily the source of income in her family.

Shukufa usually buys small calves, raises and fattens them for 5-6 months, then resells for more profitable prices in the livestock bazaar. Her monthly income is 120 AZN and this business is the only source of financial income in her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Shukufa also keeps milking cows for personal use and for selling to neighbors.

She wants to expand her business and improve life conditions of her family. She applied for a 600 AZN loan to purchase one milking cow and fodder (feed). This will be her fourth loan and AqroInvest trust her.

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
  • 23
    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 $775 helped Shukufa to buy one milking cow and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 25, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013