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Baxsali
Baxsali is a 51-year-old man, married with three children. Baxsali has been breeding cattle for the last 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.

Baxsali usually buys small calves, raises and fattens them for 5-6 months, and then resells them for a more profitable price in the livestock bazaar. His monthly income is 300 AZN, and this business is 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. Baxsali also keeps dairy cows for personal use and for selling to neighbors.

Baxsali wants to expand his business and improve the life conditions of his family. He applied for a 2,000 AZN loan in order to purchase two cattle, two dairy cows and fodder. This will be his second 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
  • 45
    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 $2,550 helped Baxsali to buy two cattle, two dairy cows and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014