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Rafiq
Rafiq is 45 years old, married and has five children. Due to his family’s financial situation, he did not have many opportunities to get higher education. That’s why, after finishing school, he tried to become independent and to find a way of earning in order to help his parents and now his own family.

Through the years, he tried various types of activities and finally he started his business selling cell phones. Since 2005, Rafiq has supported his family through his efforts. He believes that this business is profitable and the generated income allows him to support his family.

Currently, his business is doing well, but Rafiq needs to increase his stock of goods in order to serve the demands of his clientele. With this purpose in mind, Rafiq has requested a loan of 1,300 AZN.

He is grateful to all those supporting him and promises to repay the loan promptly.

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
  • 16
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Rafiq to purchase and diversify mobile phone inventories.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 24, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012