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Rasim J. is 51 years old, married, and has two children. He lives in southern Azerbaijani village Alisoltanli, near Saatli region. Rasim opened his small food store in 1996, when he borrowed some money from his friends. In the beginning, the only items he sold were various sweets. The store revenues increased rapidly, and Rasim was able to start selling also cookies, tea and canned products. Even though the store now brings good income to Rasim to cover his family's needs, he would like to expand the variety of goods for sale at the store, and therefore needs a loan of US$1,200 for the purchase of meat and dairy products.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rasim expansion of a food store through the purchase of beverages and meat products for sale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 19, 2007
Sep 3, 2007
Currency Exchange Loss:
Jan 15, 2009