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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 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

  • $6,171
    Average annual income
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,072,050
    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