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Rafail is 39 years old, and is married with two children. After several attempts to find a job, he decided to start his own business. He is farmer and has grown seasonal fruit and vegetables for the last four years. He also breeds cattle.

He chose this business because it is profitable and fresh crops are in high demand. Rafail sells his crops in the central bazaar. His monthly income is 100 AZN. His father actively helps him to grow the crops.

As his products are in high demand, Rafail wants to expand his business and grow more fruit and vegetables to cover market demand. For this purpose he applied for a loan of 1,000 AZN. He will buy new garden tools, seeds and fertilizers. This is Rafail's first loan.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

About Aqroinvest:

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.


About Azerbaijan

  • $10,800
    Average annual income
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Rafail to buy new garden tools, seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 9, 2013
Currency Exchange Loss:
Oct 17, 2014