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Kamil A. is a 42-year-old farmer who lives in Varkhankend village in the southern part of Azerbaijan, Saatli region. He is married and has two children. Kamil breeds cattle and sells beef to the local and capital traders. Selling meat is in very high demand all across Azerbaijan and people eat fresh meat at home and in cafes. Kamil works very hard and spends all his time with the cattle, cleaning them, feeding and pasturing.

Currently Kamil has only one calf, which he has raised and will now sell to the traders and will buy two additional baby calves. Kamil is going to expand his business and purchase one milk cow and start selling dairy products. The estimated cost for a cow is 700-800 USD. The rest of money he is going to spend on fodder.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,897,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Kamil purchase one milk cow and fodder.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 19, 2007
Sep 4, 2007
Currency Exchange Loss:
Apr 15, 2009