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