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Eyvaz
Eyvaz H. is 55 years old and lives with his wife and five children in the southern part of Azerbaijan. He supports his family by raising cattle, which he sells to a butcher shop in the local market after fattening them to the desired size over the course of six or eight months.



Eyvaz recently realized that his business has the potential for significant growth, so he has decided to purchase four more calves. In order to achieve this goal, which will allow him to earn more profit and better support his family, Eyvaz is requesting a loan of 1200 USD.

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

  • $10,800
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    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 Eyvaz purchase four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 27, 2009
Listed
Dec 7, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2010