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Elchin is 37-years-old and married with two sons and three daughters. His wife is a housekeeper. He sells mobile telephones in a shop and has gained good skills working in this field for 17 years. His monthly income is 100 AZN. He gets additional money from his pension.

Demands in such techniques as mobile telephones have increased nowadays. All people use them in their daily life. They make calls in urgent cases or send messages of important information when they need to. They can call someone who is far away.

There are many new models of mobile telephones that people would like to buy. And Elchin applied for a 1,400 AZN loan in order to buy more new models to expand the assortment at his shop. He hopes that one day his income will increase and he will be able to provide his big family a good life.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,800 helped Elchin to buy more new models of mobile phones to expand the assortment at his shop.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 27, 2014
Feb 4, 2014
Currency Exchange Loss:
Mar 6, 2014