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Shakhnaz H. is a 41 year old woman who has sold sheep for more than 20 years. She is married and has four children. She and her husband are unemployed and receive an internally displaced persons benefit, which is approximately 70 USD per month. Shakhnaz started her breeding sheep to supplement her income. As mutton is very popular among Azeris and summer is wedding season, Shakhnaz is requesting a 700 USD loan to purchase a special type of sheep which costs 70 USD each. This type of sheep grows faster and has more meat than usual sheep. She plans on purchasing 10 sheep.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 28
    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 $700 helped Shakhnaz to purchase 70 sheep.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 29, 2008
Jul 6, 2008
Currency Exchange Loss:
Feb 15, 2010