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Eldar
Eldar is 51 years old and married with five children. Eldar has been breeding cattle for the past 15 years. After several attempts to find a job, he gave up and decided to start his business. With the help of his wife, they purchased their first cattle.

Eldar usually buys small calves, raises and fattens them for 5-6 months, then resells at a more a profitable price in the livestock bazaar. His monthly income is 90 AZN and this business is the 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. Eldar also keeps milking cows for personal use and for selling to neighbors.

He wants to expand his business and improve the living conditions of his family. He applied for a 1,600 AZN loan in order to purchase two cattle and one milking cow. This will be his third loan and he has a good 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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Eldar to buy two cattle and one milking cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Dec 25, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014