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Elshad H. is a 32-year-old entrepreneur who sells different kinds of foodstuffs and detergents in his store. His store is very famous in his community, so he has a good clientele. He also works as a policeman in the police department of the city where he lives, but his salary is not enough to cover the basic needs of his family. When he is at work, his wife replaces him in the store.

Today Elshad is requesting a loan of 1200 USD for the term of 15 months to increase his store's stock. He is ready to work even harder, make sacrifices, and push every once in a while to achieve his goal of becoming a successful entrepreneur. Elshad’s main goal is to educate his beloved children so that someday they’ll become successful entrepreneurs. His perseverance and clear vision will be key factors in the success of his small business.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Elshad purchase more food inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 27, 2009
Dec 1, 2008
Currency Exchange Loss:
Jun 24, 2010