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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 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
  • 14
    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 $2,000 helped Elgun to purchase 15 lambs and repair his sheep-shed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 26, 2010
Jan 1, 2010
Currency Exchange Loss:
Nov 19, 2010