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Ikram is a 47-year-old married man with three sons. He is a poultry breeder and has 10 years of experience breeding chickens, geese and turkeys. His wife is a school teacher and this business brings a stable financial income to Ikram's family. His son helps him to look after the poultry.

Each poultry has its season. For instance, people in Azerbaijan eat chicken the whole year, while goose meat is very popular in winter, and turkey during spring and autumn. Ikram usually sells poultry in the cental bazaar and his monthly income is 200 AZN.

Ikram applied for 1500 AZN to purchase more poultry to cover demand from his current customers and gain new ones. This will be his second loan and he has a positive credit 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Ikram buy poultry.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 17, 2013
Currency Exchange Loss:
Dec 19, 2013