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Elshan
Elshan Q. is a farmer who knows that the only way he can support and provide for his loved ones is through hard work and dedication. Consequently, he leaves home every day at dawn to work on his farm and to look after his cattle. Elshan is takes care of his four children, who are the meaning of his life.

Elshan is requesting a loan in order to expand his business by purchasing young cattle and fodder. He will always cherish the memory of all those who gave him a helping hand when he needed it by granting him his request.

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

  • $6,171
    Average annual income
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,128,050
    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 Elshan purchase two calves, along with fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 29, 2009
Listed
May 17, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 19, 2010