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Elshan is a 32-year-old trader who sells different kinds of foodstuffs. Elshan is married and has a son. He started his business in 2008 and since that time he has gained respect among the local people. The demand for foodstuffs is very high and he is not able to meet it. He needs to buy additional food products to increase his income. That is why he requested his second loan from AqroInvest. Elshan plans to use the loan of 1500 AZN to expand his inventory.

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
  • 24
    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 $1,925 helped Elshan to expand inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 24, 2011
Jan 1, 2012
Currency Exchange Loss:
Feb 15, 2013