In theory it should work as long as the IP address been "borrowed" also is part of the networks been advertised by EIGRP. For example if the "borrowed" IP address is 192.168.1.1 then you need to make sure you have the below on your config ..
eigrp
network 192.168.1.0 0.0.0.255
I hope it helps .. please rate it if it does !!!