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Elman is 43 years old, married and has one school-age son. He works hard to provide for his family. Elman runs a grocery store in Agsu and requested a 1800 AZN (Azerbaijani new manat) loan through AqroInvest CU to buy more stock to sell in his grocery store. He has been running the grocery store for 10 years. Elman aspires to save enough from his business activities to repair his house and to expand his business.

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 $2,300 helped Elman to buy more stock for his grocery store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 1, 2012
Oct 28, 2012
Currency Exchange Loss:
Feb 17, 2014