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Elbrus is a 46-year-old man who is married and has five children. He is an internally-displaced person. He is a farmer and raises seasonal fruits and vegetables in his own garden. He has 10 years of experience in this field. The crops he grows are organic; that's why market vendors respect Elbrus and always come to his place.

He usually sells crops in the central market or from his yard. He is also a driver, and sometimes takes people from his village to the city. But this is additional work, the main financial income is from farming. People use fresh vegetables every day and consider them healthy: many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served at every family's table in Azerbaijan and are also used to make fresh punch. His monthly income is 80 Azerbaijanian Manat (AZN).

Now he would like to increase his monthly turnover, and for this purpose he applied for a loan of 1500 AZN. He will use the loan to purchase seeds and organic fertilizers. This will be his second loan and he has a good client history.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,856,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Elbrus to buy seeds and fertilizers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 27, 2012
Aug 23, 2012
Currency Exchange Loss:
Jul 17, 2013