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Rufullu
Rufulla is 45 year old trader who has been selling men clothes in the central Sabirabad bazaar for nine years. He brings in clothes from different countries which is why his goods are of high quality and sells very quickly. He is married and has three daughters. This business is the only financial source in his family and he tries very hard to cover all of his family's needs. Rufulla plans to increase number of clothes he brings in from abroad. To expand his business he has applied for a 1200 USD loan.

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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    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 Rufullu to increase number of clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 22, 2008
Listed
Jan 8, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009