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Elshad is married with two children. He sells food items. His grocery store is located in a very busy place, Agsu central bazaar, which is why there are always many customers who come to buy groceries. He is a hard worker and works long days to make sure his family has everything they need. Elshad has been running this business for four years. Step by step he was able to expand his small venture.

Elshad’s business is the only source of income for his family and it is 300 AZN per month. He realizes this responsibility and is doing his best to meet the needs of his family.

Today he is requesting a loan of 1,500 AZN to purchase more foods to cover customers demand. Elshad is hoping that from the profit of his business, he can expand his grocery store.

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

  • $10,800
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Elshad to purchase more foods to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2011
Nov 8, 2011
Currency Exchange Loss:
Nov 15, 2012