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In 1993 Shahmurad H., a hard-working person who makes an effort to give his two beloved children the best, fled to the Bilasuvar Internally Displaced Settlement during the Azerbaijan-Armenian conflict. The government then granted him land which he subsequently cultivated and developed and upon which he feeds his animals. He also works as a policeman in the local police department, earning about $150 per month, an amount insufficient to cover family needs.

Through his business, he has been able to educate his children up to the secondary school level. He would now like to extend his animal business and so is requesting a loan of $1200. He plans to increase the number of animals he raises. Shahmurad thanks you very much for your kindness to others.

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

Success!! The loan was 100% repaid

A loan of $1,200 helped Shahmurad to purchase three calves and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 27, 2009
Dec 6, 2008
Currency Exchange Loss:
Jun 24, 2010