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Elchin
Elchin is 24 years old, a young client. He is an IDP (internally displaced person). He moved from the city of Fuzuli and now lives in the Bilasuvar region with his parents. He is a very successful entrepreneur who sells chickens and ducks, which brings him a stable income. Elchin is a very hardworking man. For the past 3 years, he has been raising chickens and ducks and is very active in poultry. He usually buys small ducks and chickens, raises and fattens them for 5-6 months and then sells them for a more profitable price in the livestock bazaar. His father also helps him in this business because it is the only income for their family. From this business Elchin's monthly income is 120 AZN.

Elchin has already taken 3 loans from Aqroinvest in the past. With a good loan history, he has applied for his fourth loan of 2000 AZN. With this money, he wants to invest in the business and buy more small chickens and ducks in order to generate more revenue.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 16
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,550 helped Elchin to buy more small chickens and ducks.
88% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Covered