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Elshad, age 42, sells fuel to make a living, specifically petrol fuel, diesel fuel, and car oil. After over eight years of selling fuel, he has gained enough experience to have developed a successful business and a loyal customer base.

Elshad’s business is currently running very well, which is why he wants to expand his business and add a new operation: purchasing and re-selling spare auto parts. With this purpose in mind, Elshad is requesting a loan of 1,000 AZN. He has already established himself as a good client with a positive credit history. Elshad promises to repay his loan properly and on time.

Elshad and his wife have two children.

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
  • 15
    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 $1,275 helped Elshad to expand his fuel sales business to include a spare auto parts operation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 29, 2011
Aug 1, 2011
Currency Exchange Loss:
May 16, 2012