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Elcin is 36 years old, an internationally displaced person (IDP), who lives in the Bilasuvar IDP Settlement with his wife and two children. He is a very well known barber and established his business in 2009, and through practice, he mastered his field. Elcin is his family’s sole breadwinner. He is a farmer too and has raised seasonal fruits and vegetables in his own land.

Elcin is responsible for the living expenses of three members of his family. For this reason, he works hard and puts substantial effort into continuing to improve his business. In April 2012, he opened his current shop and is working hard to develop it. Because his income is low compared to his high expenses, Elcin is unable to save enough cash to improve and develop his business. His monthly profit from this business is 70 AZN. For this reason, he is acquiring a loan of 2,000 AZN from Kiva partner Aqroinvest to increase his business capital with special gels, beauty supplies and necessary tools for developing his business. This is going to be his 5th loan and he has a good client history.

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.


About Azerbaijan

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Elcin to increase his business capital with special gels, beauty supplies and necessary tools for developing his business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 18, 2013
Dec 22, 2013
Currency Exchange Loss:
Feb 20, 2014