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Elshad is a 21-year-old master handyman and a proactive farmer. He lives with his parents and his brother. His father works as a controller at the electricity station and receives a salary of 180 AZN. Elshad runs a farm, where he has four cows and 15 sheep. He sells yogurt, milk and meat at the bazaar. Elshad is a very hard-working young man who works hard to cover his parents’ daily needs. As the farm is his main source of income, he would like to expand it. Elshad wants to make repairs at their house, and he has applied for this loan to purchase construction materials. This will enable him to improve his family's living conditions and to ensure a better life for his parents.

Additional Information

About VisionFund AzerCredit:

Vision Fund AzerCredit was established in 1996 to provide credit to ensure people can take control over their own lives and livelihoods.

While VF AzerCredit works both in the urban and rural areas of Azerbaijan, the emphasis is placed on providing loans to micro and small rural entrepreneurs and self-employed poor, covering remote areas, which are not bankable.

AzerCredit provides group loans, agriculture loans and household and family loans for small and micro entrepreneurs.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Azerbaijan

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Elshad to buy construction materials to repair his parents’ house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 2, 2013
Currency Exchange Loss:
Sep 17, 2014