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Elvin F. is a young man of 21. He is very enthusiastic and full of energy. His father helped him to start his shop, which sells food, four years ago. In the beginning Elvin simply assisted his father by procuring the merchandise, but once he was of age his father entrusted him with the entire business. It has proven to be quite successful, and the store carries a range of food products and sweets.

Elvin has decided to take out a loan in order to further expand the variety of foods he sells. For this purpose he applied for a loan of $1200. He is counting on your help.

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

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Elvin to expand the variety of foods for sale.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Nov 30, 2008
Nov 1, 2008
Currency Exchange Loss:
Apr 15, 2010