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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:

Vision Fund AzerCredit was established in 1996 to provide credit to ensure people can take control over their own lives and livelihoods.

While VF AzerCredit works both in the urban and rural areas of Azerbaijan, the emphasis is placed on providing loans to micro and small rural entrepreneurs and self-employed poor, covering remote areas, which are not bankable.

AzerCredit provides group loans, agriculture loans and household and family loans for small and micro entrepreneurs.

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

  • $10,800
    Average annual income
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $14,668,525
    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