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Elshan is a 50-year-old married man with two children. He sells food products such as macaronis, rice, candies, cookies, sugar and beverages in his shop. Elshan has 10 years of experience in this field, and considers himself a knowledgeable and skilled person.

The food products that he sells are very popular among people and are in high demand. His monthly profit from selling foods is 300 AZN. His son helps him to sell products in shop. He is a very successful entrepreneur because of his good location in the central bazaar of his home city.

Elshan would like to increase his sales and invest additional capital. Therefore, he applied for a loan of 1800 AZN. He will use this loan to purchase and diversify 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
  • 26
    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 Elshan to buy more food products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 17, 2013
Currency Exchange Loss:
Mar 17, 2014