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M. Elshan is 45 years old. He was born in Sumqayıt City, which is located in eastern Azerbaijan. He is the father of two children. M. began his business with $300 in 1996. At first, he sold only children's clothing, but the income wasn't enough for more than his family's basic, subsistance needs. He had difficulty covering expenses for medication, clothes, school etc. He now sells a wider variety of clothes, and is requesting a loan for $700 so he can increase the amount of space he has for his merchandise. The more items he can stock, be better is his income. Expanding his business will improve the living condition of his family. He will repay the loan in 12 months.

About Azerbaijan

  • $10,800
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.9
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Elshan increase the amount of space he has for his business in the central market.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 11, 2007
Nov 25, 2007
Currency Exchange Loss:
Jan 15, 2009