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Sona A. is a 59-year-old married woman who owns a milk products business in the small, southern village of Varkhankend, near Saatli region. She has five children. Sona has twelve years of experience in selling milk products. Dairy products are in high demand all across Azerbaijan and people use yoghurt and milk every day. They think it is very healthy and tasty at the same time.

Sona and her husband work very hard to cover all their family needs. But now the children are growing up and life has become much more difficult. Sona decided to improve her living conditions and purchase one milk cow and one calf for meat production. The estimated cost for a cow is 700-800 USD and for a calf is 200-300 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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,856,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sona purchase one milk cow and one calf.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 17, 2007
Oct 3, 2007
Currency Exchange Loss:
May 15, 2009