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Elkhan
Elkhan R. is a 45-year-old farmer who raises seasonal fruits and vegetables and also raises cattle. He is married and has three children.

Elkhan’s monthly income is 200-300 AZN and he has eleven years of experience in this field. He sells fruits and vegetables in the local bazaar and uses his cows for milk and milk products.

Now Elkhan has applied for 1,000 AZN in order to purchase one milk cow and more seeds. He will use this cow to start selling milk to the local people.

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

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Elkhan to purchase one milk cow and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2010
Listed
Jul 28, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011