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Shahlar
Shahlar is a 35-year-old man, married with two children. Shahlar has bred cattle for the last 8 years. After several attempts to find job he gave up and decided to start his business. His wife is a school teacher and her salary is too low to cover family needs. Hence, Shahlar`s business is their main financial income.
Shahlar usually buys small calves, raises and fattens them for 5-6 months and then resells for a more profitable price at the livestock bazaar. His monthly income is 60 AZN and this business is only one source of financial income for his family. Beef is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Shahlar also keeps milking cows for personal use and for selling to neighbors.
He wants to expand his business and improve life conditions of his family. He applied for a 1200 AZN loan to purchase two cows and one milking cow. He promises to pay on time without any delays.

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
  • 43
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Shahlar to buy two cows for fattening and one milking cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 29, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013