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Elchin
Elchin R. is 26 years old. Elchin sells cattle. As a rule he purchases calves in the central market, raises them, and then re-sells them at higher prices at the local market. Being in this business for 7 years now, he knows very well how to choose the animals, how to raise them and look after them. Thus, he gets up every morning at five o'clock in order to feed the animals and to look after them. His knowledge and skills allow him to make his business successful and generate a stable and considerable income for his large family consisting of his elderly parents and brothers and sisters.



Today, Elchin is planning to enlarge his herd and to purchase cows and calves. With this purpose in mind, he is requesting 1200 USD. Elchin thanks all for trusting and supporting him and promises to repay the loan promptly.

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
  • $14,146,275
    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 one cow and two calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 19, 2008
Listed
Nov 1, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010