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Elgun
Elgun M. is 25 years old. He breeds and raises sheep. When Elgun recognized the need to invest in his business, he decided to construct a better shelter for his his animals. He is requesting a loan to buy the construction supplies for this project. He believes that his loan request will be granted and that he will be able to begin his work. With the loan, Elgun will purchase fifteen lambs and construction supplies to improve his sheep barn.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    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 Elgun to purchase 15 lambs and repair his sheep-shed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2010
Listed
Jan 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 19, 2010