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Raci
Raci is 36 years and has 3 children. Raci is a very young and ambitious person. He runs a store. He has been selling various products in his store for the past five years. He sells different washing soaps and liquids, hair brushes, toothpaste, and also food products such as tea, sugar cubes, cheese, bread and butter. Raci’s brother supports him in the business.

Raci’s store is in the central market. Because of its good location he has regular customers. His monthly income from the business is 170 AZN. With his future plans for the store he hopes to be able to improve the living conditions of his family.

Raci is going to take a loan of 1,500 AZN from Aqroinvest for the second time. His good loan history has given him the confidence to go for a second loan. He plans to bring more products into the store in order to meet the demand of the upcoming spring holiday Novruz.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Raci to buy more products for the store for the upcoming spring holiday.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014