Polad D. is a 29-year-old, very energetic young trader who sells different kinds of repair products. He started this business when he was 20 and since that time the range of his clients has increased. Many customers come to Polad because he can always advise the best products to use.
Polad is not married yet and lives with his parents. He is the only breadwinner for his parents.
Polad would like to increase the number of items he sells and with the income he will gain he will be able to get married. For this purpose he has applied for a loan. Lets do our best to help this ambitious guy.
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.