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Rafaq
Rafaq is 29 years old. He lives in the city of Agsu, Azerbaijan, with his wife and two little children.

Rafaq owns a shop for repairing cars. He specializes in changing oil. He established his business six years ago, when he got married.

Rafaq decided to request a new loan so that he can invest in his vehicle repair business. He plans to buy more tires and oil and in this way meet his customers' needs.

This is his first loan from AqroInvest and Kiva. He hopes it will give him what he needs to continue working, so that he can generate income for his family.

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 $1,275 helped Rafaq to buy more tires and oil to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2012
Listed
Aug 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013