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Gulnara G., 38 , is married and has three daughters.She and her family live in a small village in the Saatli region.

Gulnara owns dairy cows and sells milk and yogurt. This is the only source of income for their family. She has decided to expand her business and start raising calves for meat production. Gulnara has applied for a loan to purchase three calves and fodder to speed up the growth process. As summer is high season for weddings, she would like to concentrate on breeding the calves to increase her income.

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
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gulnara to purchase three calves for meat production.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 30, 2008
Jul 10, 2008
Currency Exchange Loss:
Feb 15, 2010