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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 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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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