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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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