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Sokhbet M. is 46 years old. Together with his wife and three daughters, he lives in the Internally Displaced People's Settlement of the Bilasuvar region. Sokhbet earns income selling milk and yoghurt directly to people in the area, as well as to the local milk factory. He started this business in 1992 and now needs a loan of US$1,200 to purchase two additional milk cows.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 70
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    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 Sokhbet purchase of two milk cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 13, 2008
Aug 10, 2008
Currency Exchange Loss:
Apr 15, 2010