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Elshad M. is a 48-year-old man who sells children’s clothes in the central bazaar of Sabirabad city. He is married and has three children.

Elshad started his business twelve years ago to cover all his family’s needs and now this is his only financial source. He purchases children’s clothes in Baku city which is three hours away from his home city.

Elshad’s turnover in a month is about 200 AZN and now he would like to increase it and for this purpose he applied for a 1,000 AZN loan.

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
  • 21
    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 $1,225 helped Elshad to purchase more clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 16, 2010
May 3, 2010
Currency Exchange Loss:
May 17, 2011