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Eldaniz
Eldaniz A. is 43 years old and has run his cattle breeding business in the southern part of Azerbaijan, called Imishli, since 1995. Eldaniz takes care of his parents who are on a pension now and need special care and medicine.



His principal work is the buying and selling of cattle. This business requires lots of travel because he needs to go to remote areas where these animals cost less. This necessitates considerable financial means. The business is very profitable, but his lack of capital makes his income insignificant, and living conditions remain difficult in his household.


Also Eldaniz has a car which he uses sometimes to take local people from one village to another. But his business is not permanent and does not bring enough funds to cover basic family needs.



To strengthen his business, he is asking for a loan of 1200 USD, which will serve to buy more cattle. This will allow him to effectively meet the needs of his household.

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
  • 21
    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 Eldaniz purchase four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 27, 2009
Listed
Dec 15, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2010