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Tamara Q. is a 51-years-old woman. She is married and lives with her husband and five children in Agsu. All her children are adults, aged between 27 and 16, and help their parents. But they mainly depends on the income from their cattle-breeding business which Tamara and her husband decided to start in 2003. She requested her 1st loan from AqroInvest and Kiva in January. With the support of this loan in thye amount of 2000 AZN she was able to purchase four more cows and in this way to increase her monthly income up to 300 AZN. Now there are six head of cows in her farming. Tamara is hard-working woman and her hope is to buy a bigger piece of land for farming.

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
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Tamara to buy four cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 24, 2011
Feb 10, 2011
Currency Exchange Loss:
Aug 15, 2012