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Elkhan Q. has very interesting sort of business: he is a bee keeper. He started his business in 2005 when he lost his job. Elkhan is responsible for his five children and tries to expand his business. Honey is very popular, not only in the village where he lives but also in the whole of Azerbaijan; people value quality honey very highly. This business requires a lot of attention and care and Elkhan spends most of his time near his bees. Elkhan would like to expand his business and for this purpose he needs 2000 USD as a loan.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Elkhan purchase more bee hives.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
Apr 14, 2009
Currency Exchange Loss:
Sep 15, 2010