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Vugar
Vugar Q. is 45-year-old married man with two children. Vugar is a hard-working man who was taught farming form by his father. He knew many people who purchased cattle, and this motivated him to start his own business twelve years ago. Over time, he has increased his cattle sales and he is proud to say that the business has been running well, but he now needs additional capital to expand his business.



Therefore, Vusal is requesting a loan in the amount of 1200 USD to purchase four cattle for estimated cost 300 USD each. He and his family thank you very much for the support that you offer them in helping to expand his business and helping them give their children a better quality of life.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Vugar to purchase four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 18, 2008
Listed
Oct 4, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010