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Safarli, a 47-year-old pensioner, is a married father of three children. He breeds cattle and sells their meat to local butchers right from his home. Safarli has more than 10 years of experience in this field, thanks to his father who taught him how to look after cattle.

Safarli usually buys small cattle, raising and fattening them in five-six months, reselling them for profit at the local livestock bazaar. People use beef in everyday national dishes such as pilau and dolma and always use yoghurt sauce. Meat-selling earns him 150 AZN per month.

This is the only source of income in his family and not enough to cover the basic needs of his beloved children. Safarli has therefore applied for a loan of 1000 AZN to purchase three more head of cattle. This will be his third 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
  • 15
    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 $1,275 helped Safarli to buy three head of cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Feb 11, 2013
Currency Exchange Loss:
Jan 17, 2014