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Rauf
Rauf is a 57-year-old man who sells garden tools and has 5 years of experience in this field. Rauf is married and has two daughters. The products he sells are very popular because the majority of people in his region are engaged in farming. Rauf`s profit from the business is 300 AZN. AqroInvest CU has been a fundamental part of Rauf`s business, having provided loans which were used to start his business. He would like to expand his business and applied for a 1500 AZN loan to purchase more items for sale in his garden tools business.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,625
    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 Rauf to purchase more items for sale in his garden tools business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013