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Elbrus K. is a good father, hard working, and steadfast in his endeavors as a farmer and in raising animals. Thanks to his wife’s assistance, he is able to care for and feed the animals which he later sells at both fairs and marketplaces in nearby towns. Traveling to nearby towns increases his costs, but that is offset by the higher asking price he gets there.

For this reason, Elbrus and his wife take care to feed them properly in order to bring in more profit. They would now like to increase the number of sheep. In order to buy sheep he needs a loan of 1,606 AZN and promises to be responsible and prompt in repaying it.

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
  • 17
    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 $2,025 helped Elbrus to purchase 15 sheep and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 29, 2009
Dec 1, 2009
Currency Exchange Loss:
Apr 30, 2011