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M. Allahverdi Khangulu Oglu is a local farmer from Beyler village of the Saatli region. He has a big family: his wife, 4 children and his parents. Animal husbandry is the only income source for the family, besides pensions received by his elderly parents. His business is very small and he keeps only milking cows. So he decided to improve his business by having a new product – calf breeding for meat production. To realize this idea, he requested from “Agroinvest” 700 USD for purchasing young calves and feed.

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
  • 41
    View loans »
    Azerbaijan Loans Fundraising
  • $14,668,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Allahverdi purchase calves and feed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 20, 2007
Jun 5, 2007
Currency Exchange Loss:
Sep 25, 2008