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Rayil
Rayil is 62 years old and a responsible man. He is married and has two daughters and two sons, all of whom are married. Rayil and his wife did their best to provide a better life for their children.

All of his life, Rayil has been buying and selling animals. With help from his eldest son, Rayil sells dairy and meat in the local bazaar. He is a hardworking man and wants to expand his animal-breeding business. For this reason, he decided to apply for his second loan from AqroInvest. He requested 1500 Azerbaijan New Manats (AZN) to buy 10 more sheep and feed for them. He hopes that the extra income this loan will provide will allow him to improve his family's quality of 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
  • 14
    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 $1,925 helped Rayil to buy sheep and feed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2011
Listed
Sep 9, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012