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Elshad
Elshad is a 43-year-old man, married with two children. He keeps a café and serves people with launch and dinner in his café. He has eight years of experience. He decided to start his own business because his income as foreman was not stable and was very low. Now he runs his business and serves people with daily meals in his café.

People in Azerbaijan like to have launch in national style cafes and eat national food, as well as spend time with friends in the evening drinking tea with homemade jam. Elshad's place don’t look very attractive, but his food is delicious and that’s why his café is full of people. His older son helps him and cooks in his café.

His monthly income is 200 AZN and he would like to increase it. For this purpose he applied for a loan of 1,500 AZN. He will use this loan to renovate his café. This will be his third loan and he has a good client history.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    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 Elshad to renovate his café.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014