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Elgis is from Imishly region of Azerbaijan. He was born in 1979. He moved to Baku and started a small business on his own. He rents a booth in an underground passage and sells men's shoes. He buys his inventory at Airport market, which is famous for selling shoes wholesale. The business is running well but Elgiz wants to expand it to include shoes for the winter season and increase variety. For this purpose, he applied to Normicro (Baku branch) for a loan of $1200.

About Azerbaijan

  • $10,800
    Average annual income
  • 53
    View loans »
    Azerbaijan Loans Fundraising
  • $14,698,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elgiz to increase the variety of shoes in his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 19, 2007
Sep 5, 2007
Currency Exchange Loss:
Oct 10, 2008