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Rasul
Rasul R., age 49, has run his own food store in the small village of Sabirabad City since 1998. Rasul has 10 years of experience in selling foodstuffs. Rasul is married and has three children who all study at school.


Unemployment and financial hardship pushed Rasul to start a business by opening his store. Now he is doing well and his store brings him a stable income. Rasul is also a farmer and keeps livestock. Rasul successfully repaid his first loan. Now he would like a new loan to purchase more foodstuffs, such as cookies, candies, sugar, and macaroni.

Additional Information

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

  • $6,171
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rasul purchase more food for his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 27, 2009
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2010