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Elkhan
Elkhan N. rents a small store where he sells veterinarian drugs. These products are very popular in his area. Most of the people in his region own livestock, which require a lot of inoculations and other medical care. Elkhan's business helps local farmers provide medical care for their livestock. He has many regular clients. Elkhan purchases goods every week. He is requesting this loan to purchase more products to sell so that he can increase his profit.

Elkhan is married and has six children. It is very hard to provide for a large family, so Elkhan applied for 1000 AZN to invest in his business. He wishes to educate his children and hopes that someday they’ll become good members of society.

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

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    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 more merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2010
Listed
Oct 21, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011