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Elburus is 34 years old and married, with four kids.

Elburus raises fruits and vegetables in his garden, and he has been doing this for the past eight years. He is a very experienced farmer and has a deep knowledge of the land and how to work it.

Elburus usually grows seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and in high demand because people like to eat them every day and consider them very healthy. Also one of the favorite national dishes, dolma, is made of fresh eggplants, peppers, and tomatoes.

Elburus's monthly income from this business is AZN 120. This is the only source of income in his family.

Now he would like to invest more capital in his business and purchase seeds and fertilizer. For this purpose, he has applied for a loan of AZN 2,000. He hopes this loan will improve life for his family.

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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.


About Azerbaijan

  • $10,800
    Average annual income
  • 81
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Elburus to invest more capital in his business and purchase seeds and fertilizer.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013