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Tamella is 54 years old. She has been living in a settlement for internally displaced people since 1996. She and her husband purchase and resell sheep as their business. She has four children. Tamella would like to request a loan of 1000 Azerbaijani manats in order to purchase additional sheep. This will increase her inventory and meet her customers' demands. She believes this will lead to greater revenue and, ultimately, greater profit for her family. In the future, Tamella would like to reinvest the earnings generated by this loan into her business to purchase additional cows and increase their income further.

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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $14,698,475
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Tamella to purchase 8 lambs and fodder.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 30, 2011
Jul 14, 2011
Currency Exchange Loss:
Aug 15, 2012