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Rasim is a 56-year-old, married man with five children. Rasim’s wife stays at home, taking care of their children. Rasim is self-employed and serves people with his own micro-bus. He works on special orders and with regular clients. His son wants to start a taxi service.

Rasim's request was approved in the framework of a start-up program, which is a joint initiative between Kiva and Vision Fund AzerCredit (VFAC), permitting the vulnerable poor to start or re-start businesses. A loan of 1600 AZN will allow Rasim to help pay for buying the car. His son will transport passengers throughout the country.

Rasim is a very enthusiastic and hard-working person, with a great desire to provide his children with a good education so they can progress in life. This credit will be a great support for the family. Rasim is thankful to Kiva lenders for giving him a chance to generate income.

Additional Information

More information about this loan

The purpose of this pilot product is to allow Azercredit’s lending to support development of micro and small start-up businesses. The Start-Up loan product will target particularly vulnerable clients who either live at the subsistence level, have never had a business before or were previous AzerCredit customers who have closed their business for different reasons.  Most likely, these will be applicants who do not meet the credit approval process for a traditional loans due to low income. Kiva funding is enabling Azercredit to offer this loan product to its clients at reduced cost. 

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 Azerbaijan

  • $10,800
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Rasim to buy a car for his son's taxi service.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 26, 2013
Aug 20, 2013
Currency Exchange Loss:
Nov 17, 2014