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Vali

Forty-one-year-old Vali V. breeds sheep in the Bilasuvar region. He has more than 15 years of experience in sheep breeding. Selling the sheep for meat is the main source of income to support his wife and five children. Vali works as builder, but this work is not permanent and he works only if any local people build new houses or caf├ęs, which happens very rarely. He is applying for $1000 US to purchase 15 sheep and fodder. This loan will help him to increase his income because summer is high season for weddings and the main meal at that event is mutton.Vali has a good chance to improve his life condition by selling sheep during this period.

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 Dostlar─▒ (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Vali to purchase 15 sheep.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 5, 2008
Listed
Jul 28, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010