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Elchin A. is 44 years old. He sells toys for children in his store in Agsu city. He is married and has three children. Elchin likes selling. His wife helps him. Elchin started his business in 2006. He decided to start his own business when he found himself without an income. With his savings he was able to purchase the first merchandise for his store. For the last five years he has been building his business. Elchin applied for 1000 AZN to purchase more merchandise to sell in his store so he can increase his income.

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 $1,250 helped Elchin to purchase more merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 9, 2010
Apr 26, 2010
Currency Exchange Loss:
Feb 16, 2011