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.
Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.