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Rayil is a youth client who is 24 years old, married, and a father of a girl. Rayil is the only provider for his family.

He owns a garage, where he specializes in fixing damaged car parts. He buys old Soviet cars' spare parts. He has been in this field since 2007, and his reputation and experience have grown rapidly.

Rayil's house is not in good condition. Among other things, it needs windows, a hallway, laundry room, floors, and part of the roof needs replacement.
He needs to repair it before the rains come, as the water comes into the interior of his home every time it rains. He has applied for a loan of 1,500 AZN so that he can buy all needed construction materials. Obtaining this loan makes him feel very happy.

Additional Information

About VisionFund AzerCredit

This loan is administered by VisionFund AzerCredit (VF AzerCredit). VF AzerCredit is part of VisionFund International, which has microfinance banking operations in 40 countries. VF AzerCredit aims to provide sustainable financial services for people in Azerbaijan who are not able to access financing through the conventional banking system.

With branches stretching across Azerbaijan, VF AzerCredit currently serves over 40,000 active clients with a variety of loan products. Of over 20 regions in which VF AzerCredit operates, a strong majority are comparatively underserved rural areas.

For more information on VF AzerCredit, please visit its partner page. If you would like to support other VF AzerCredit clients, please see other loans currently fundraising from this Field Partner.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Rayil to buy all necessary construction materials to start the repair works on his house.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 24, 2013
Jul 7, 2013
Currency Exchange Loss:
Aug 6, 2013