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Sanan
Sanan is 45 years old and married with three children. He breeds cattle and sells them for meat purposes to local butchers. Sanan has 10 years of experience in this field, thanks to his father who taught him the best how to look after cattle. Hard life conditions and unemployment pushed him to start his own business.
Sanan usually buys small calves and raises and fattens them in five to six months. Then he resells them for profit at the local livestock bazaar. Meat selling brings him 100 AZN income per month. People use beef in everyday national dishes as pilau and dolma and always use yogurt sauce.

This is the only income in his family and not enough to cover basic needs of his beloved children. Xaqani applied for a loan of 1000 AZN to purchase three baby calves, one cow and fodder. This will be his second loan and Sanan has a very positive 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Sanan to buy three baby calves, one cow and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014