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Nofel is 45 years old and married. Even though he is young, he has four daughters. He takes care of the household and raises the children. He is a very diligent, responsible, kind, and careful by nature.

Nofel raises livestock and plants crops to provide the main source of income for his family. He has 12 years of experience in this field.

Thanks to his hard work, Nofel now has four dairy cows and four hectares of land for planting potatoes and tomatoes every year. He has everything he needs to take care of the livestock. His monthly income is 120 AZN from this business.

In order to develop his farm, Nofel asked Aqroinvest CU and Kiva for a loan 1200 AZN to buy more cows.

Nofel plans to use the profits to invest in more livestock, and to save money to improve his family's welfare.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,860,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Nofel to buy more cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 11, 2013
Dec 12, 2013
Currency Exchange Loss:
Nov 17, 2014