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Kamran
Kamran is 30 years old, married, and has a daughter and a son. He raises cattle. He buys calves, fattens them and sells them as meat. Kamran has been doing this business for 10 years now. He says it is a profitable business which requires continuous effort. He wants to become a successful farmer in his town.

Currently he sells the beef in the central bazaar. Here he supplies the meat to local butchers. In his town people consume a lot of meat, due to their traditional meals. Especially this town is famous for its rich food like kebabs and dolmas.

Kamran had taken four loans from Aqroinvest previously. He is a successful customer. This time he requires 2000 AZN as a loan, because he plans to purchase four calves in order to expand his business.

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
  • 64
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    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 Kamran to purchase four calves in order to expand business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014