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Rasim H. is a 47-year-old trader who sells cosmetics in the small village of Agsu city. Rasim is married and has five children! He started his business 20 years ago and, step by step, he achieved his goal and built his own store.

Rasim also works as a teacher in the local school but his salary is just not enough to cover his family's basic needs. Rasim is focused on developing his own business and for this purpose he applied for $1,500 loan to increase his income and pay for his children's university education.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rasim to increase number of items he sells.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
May 1, 2009
Currency Exchange Loss:
Sep 15, 2010