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Ramin
Ramin is 32 years old and married with three children. Ramin has been breeding sheep for the past ten years. His pension was too small to cover the needs of his family and he decided to start his business. With the help of his wife, they purchased their first sheep.

Ramin usually buys lambs, raises and fattens them for 3-5 months and then resells them at a more profitable price in the livestock bazaar. His monthly income is 120 AZN and this business is only one source of financial income in his family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.

Ramin wants to expand his business and improve the living conditions of his family. He applied for a 2,000 AZN loan in order to purchase 20 sheep and fodder (feed). This will be the fourth loan from AqroInvest CU 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
  • 19
    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 $2,550 helped Ramin to buy 20 sheep.
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