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Arif I. is 38 years old and sells cattle for a living. He buys cows at the local market, raises them for one month, and then sells them at a profit. This business has been the main source of income for his family for the past 12 years. He has large family consisting of three children, and his parents, who live with them in one house. Arif is planning to increase the size of his business by buying more cattle to raise and sell. To do this, he is requesting a loan of 1200 USD. As this is his first loan, Arif thanks everyone for their trust and support.

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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Arif to purchase four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 27, 2008
Nov 1, 2008
Currency Exchange Loss:
Mar 15, 2010