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Elchin has been in the business of cattle ranching for the last eight years. He is only 29 but already a very experienced and successful entrepreneur. He has a good client history with AqroInvest. With his previous two loans, he was able to expand his business and purchase more sheep for his herd. The breeding business requires a lot of dedication and effort, since it requires the strict control of each animal, including feed and care for those that are older. Through this business, Elchin is able to support his family. He applied for a 1500 AZN loan to purchase more sheep and to expand his farm.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Elchin to purchase twenty sheep.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 30, 2011
Aug 1, 2011
Currency Exchange Loss:
Sep 15, 2012