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Arif A. is a 52-year-old man who breeds sheep in the Internally Displaced People Settlement of the Bilasuvar region and who has more than 20 years of experience in this field. He is married and has four children. Arif applied for $1200 US to purchase 20 sheep. This will help to improve his life condition because summer is a good time to increase his income. It is the high season for wedding parties in Azerbaijan and mutton as the main meal is very popular.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Arif to purchase 20 sheep.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 8, 2008
Jul 29, 2008
Currency Exchange Loss:
Apr 15, 2010