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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    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