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Elsavar A. is a 32 years old entrepreneur who runs a plastic fabric business. He was working in security but his salary was too low to keep his wife and two children in good conditions.

A year ago he decided to open his own plastic fabric business and within a year he gained a lot of clients and is very profitable. Elsavar`s monthly income is 200-250 AZN. He would like to expand and hire a person who can help him because he has plenty of orders every day. For this purpose Elsavar applied for a 900 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Elsavar expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 9, 2010
Sep 1, 2010
Currency Exchange Loss:
Aug 15, 2011