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Elmaddin S. is a 27-year-old young entrepreneur who has been selling different kinds of food products in the grocery store for the last eight years. He is married and has two children. Elmaddin lives in one house with his parents and supports them financially. Being in this business for a long time, Elmaddin learned the market and his customers and he knows very well how to attract people to his store. Good location, friendly smile and accuracy on the shelves are the keys to a successful business. Now Elmaddin requests 1606 AZN to enlarge his business and purchase more merchandise. We believe clear vision, experience and deep knowledge of the market will help Elmaddin to succeed in his business.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    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 Elmaddin to purchase more merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 29, 2009
Dec 1, 2009
Currency Exchange Loss:
Mar 19, 2011