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Elbrus A. is 28 years old and is an entrepreneur who sells different kinds of engine oil for cars. He started his business eight years ago when he purchased a car and every time when he needed to change engine oil, he had to go many kilometers away from his home village. Elbrus decided to open the store in the village where he lives which has become very popular among local people.

Elbrus has two children and he believes one day they will continue his business. For this purpose he applied for a loan in the amount of 1600 AZN.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    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 Elbrus purchase and diversify his stock of engine oil for cars.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 29, 2010
Mar 1, 2010
Currency Exchange Loss:
Dec 2, 2010