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Rasim F. is a 39-year-old baker, married with five children. Rasim started his business two years ago, and before he was working as a baker in a local factory in his village. But in 2006 he decided to open a small bakery in his house. With saved money, he purchased a special pastry-making machine. This machine is old and Rasim applied for $1200 to purchase a modern pastry-making machine. He believes this will make bread-making easier and faster.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Rasim purchase a special pastry-making machine.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Mar 26, 2009
Feb 20, 2009
Currency Exchange Loss:
Jul 1, 2010