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Elchin
Elchin M. is a 21-year-old market vendor. Since 2004, he has bee selling men's clothing in the local market. Because his mother is a housekeeper, his business is the only source of income for his family, which consist of his elderly parents, a younger brother and sisters. For this reason, he works hard to bring sustenance back to his home. Elchin wants to get married and have children, but he needs to improve his life conditions first.

To grow his business, Elchin is requesting a loan of $1200 USD. He will use the loan to purchase merchandise so he can offer a wider selection to his customers and increase his income. With the rotation of supplies in his business, he plans to repay the loan within 15 months. The well-being of Elchin's family and his business are in your hands. Elchin and his family are sincerely grateful for your support.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elchin to purchase men's clothing for the winter season to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 17, 2008
Listed
Oct 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010