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Elkhan
Elkhan Q. is 48 years old and is married with two adorable daughters. He opened his grocery 7 years ago. Elkhan provides his neighbors and occasional clients with products like bread, rice, sugar, meat, milk, and other staples. He tells us that, thanks to his grocery’s early opening hours and the good service he offers his customers, he has been able to move forward with the business. Elkhan wants the loan to purchase more merchandise, such as tinned products, sweets, and drinks. He and his family appreciate your support in helping him improve his business.

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
  • 10
    View loans »
    Azerbaijan Loans Fundraising
  • $14,235,200
    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 to purchase more food products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2010
Listed
Dec 14, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2011