Babaseyid S. is a young man of 55. Little by little, he reaches his goals through perseverance and dedication. Thanks to his personal strength and desire to provide a better future for his family, he has progressed from being a salesman to being his own boss. Approximately 15 years ago, Babaseyid rented a place which had deteriorated badly, with terrible conditions, and it was there he started his business. Since then, he has expanded his grocery and now it is one of the best known groceries in his community.
Babaseyid is now requesting a loan of $2,000 USD to increase the stock of foodstuffs in his store. Babaseyid is ready to work even harder, make sacrifices, and push to achieve his goal of becoming a successful entrepreneur. We believe his perseverance and clear vision will be key success factors in his small business.
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.