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Mahabbat is 57 years old, married and has five children. Mahabbat and his wife breed cattle and their livestock currently includes 20 cows and 15 calves. He also owns a plot of agricultural land where he cultivates wheat, barley and potatoes. Although both Mahabbat and his wife are retired, they work really hard to run their farm and get income from it.
With this loan, Mahabbat wants to purchase a cow as well as fuel for transporting the gathered harvest to the market. The loan is very important for him to be able to continue the expansion of his farm and generate more income. He has already taken five loans from Aqroinvest in the past. With a good loan repayment history, he has applied for his sixth loan of 2000 AZN. He waits for your support.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 79
    View loans »
    Azerbaijan Loans Fundraising
  • $14,539,000
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Mahabbat to purchase a cow as well as fuel for transporting the gathered harvest to the market.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 1, 2013