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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

This loan is administered by VisionFund AzerCredit (VF AzerCredit). VF AzerCredit is part of VisionFund International, which has microfinance banking operations in 40 countries. VF AzerCredit aims to provide sustainable financial services for people in Azerbaijan who are not able to access financing through the conventional banking system.

With branches stretching across Azerbaijan, VF AzerCredit currently serves over 40,000 active clients with a variety of loan products. Of over 20 regions in which VF AzerCredit operates, a strong majority are comparatively underserved rural areas.

For more information on VF AzerCredit, please visit its partner page. If you would like to support other VF AzerCredit clients, please see other loans currently fundraising from this Field Partner.

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

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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