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Rasif is 58 years old, married and has three children. For five years, Rasif has been providing welding services. He takes orders for making gates, doors and small stoves, and sells them at the market due to high demand.

This is only one financial source in Rasif`s family. With the first loan from KIVA, Rasif was able to open his own workshop. Now Rasif has applied for a loan to fully meet the demands of his customers. He is asking for a loan of 1,400 AZN to purchase materials and cover the high demand of orders. This loan with help to make his business successful and to provide all of his children with a better life.

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
  • 15
    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 $1,800 helped Rasif to purchase materials to cover orders.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 27, 2011
Currency Exchange Loss:
Oct 15, 2012