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Elmir A., 20 years old, is the only bread-winner in his family. Since 2005, Elmir has been running his own office supply and slipper sales business, based in a rented place next to his house. He competes effectively with the big stores in the vicinity by offering prices that are more attractive. As a result, Elmir's business so far has been very successful. At present, he needs a loan of US$1,200 for a term of 15 months to be able to expand the business by purchasing additional office supplies for sale.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    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 Elmir business expansion.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 30, 2008
Oct 15, 2008
Currency Exchange Loss:
Feb 15, 2010