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Rais
Rais is a 49-years-old man who is married and has three children. He is market vendor and sells different kind of food products in the central bazaar. Rais has 9 years of experience in this field, and he is considered to be a knowledgeable and skilled person.

He usually sells rice, macaronis, yoghurt, ketchup, sugar and other products. The products he sells are in very high demand among the local people and they use them in everyday life. His monthly profit is 300 AZN. His spouse helps him to update the merchandise in his shop.

This business is the only financial income in his family and Rais would like to increase his sales as well as to cover market demand. For this purpose he applied for 1500 AZN. He will use this loan to purchase more products. He has already demonstrated himself as a good client with a positive credit history.

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 Rais to buy more food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Apr 6, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013