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Elchin
Elchin is 45 years old and lives with his wife and their three children. He started the business as a small store selling chips from his house. Soon, when he saw that demand was growing, he decided to invest some capital to grow the store.

Elchin has eight years of experience in this business. His small store is located in his yard, which is located at his house. His wife helps him to sell products, and from this business his monthly profit is 200 AZN.

Nowadays, Elchin needs 2,000 AZN. He will use the loan to buy the products that sell the best, such as rice, sugar, beans, eggs, dairy products, lunch meats, and other items. This will help him increase his inventory. Sales will increase because the products that customers request will be there when they’re needed. This will allow his family to have more stability in life.

Elchin has a good loan history, and this is his fourth loan.

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
  • 17
    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 $2,550 helped Elchin to buy the products that sell the best.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2014