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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 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
  • 17
    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 Elkhan to purchase one milk cow and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 8, 2010
Jul 28, 2010
Currency Exchange Loss:
Aug 15, 2011