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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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
Jan 27, 2009
Dec 15, 2008
Currency Exchange Loss:
Jun 24, 2010