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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 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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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
Nov 19, 2008
Nov 1, 2008
Currency Exchange Loss:
Mar 15, 2010