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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 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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    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