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Shakhoglan
Shakhoglan Q. is a 57-year-old farmer who sells milk to the local milk factory in the small village of Saatli. He has been in this business for more that 20 years. Shakhoglan is married and has five children. He is on a pension but it is too small of an amount to pay his expenses.


To improve his life he needs to improve his business and develop it. For this purpose he has applied for a loan to purchase two middle cows for $500 each and raise them to produce milk over the next two months.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Shakhoglan to purchase two cows for milk production.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 29, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010