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Abdulla
Abdulla is 55 years old and has three children. For the past 18 years, he has been raising cattle and selling their milk. Milk is a very popular drink among local people. They prepare different products from it, such as yogurt and cheese. These products are in high demand because of their health benefits.

Abdulla is a retired person with an income of 250 AZN from this business. His son is helping him in running the business. Regardless of the difficulties of raising cattle, Abdulla is a very positive man. He really counts on his son to expand the business and make it bigger in the future. He has applied for a loan of 1,500 AZN from Aqroinvest, in order to buy two calves and a cow. He has plans to expand the business and to meet the high demand for milk in the market.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Abdulla to buy two calves and a cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014