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Ali
Ali Q. is a 44-year-old farmer, and is married with 2 children. He is proactive and a very ambitious person. He is working hard in the sheep and livestock business, and he has an education in agronomy. This education helped him when he decided to engage in this business in 1989.


Ali has applied for a loan of $1200 USD. He will use this money to purchase an additional cow for $600 and 10 sheep for $60 each. He wants to earn more income so he can provide his children with a good education and improve their lives. This loan would help him accomplish his goals in a short time.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,078,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali to purchase 10 sheep and one cow.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 12, 2008
Listed
Sep 27, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010