Elbrus R. is a successful father and dedicated husband. He is married and has one son. Elbrus has a good reputation. He is a very good family man, so he loves his family and wants a good future for them. Elbrus began a small grocery store four years ago with his savings. He was assisted by his wife who helps him serve his clients. Today his clientele has grown greater and his grocery store has become more popular. He is asking for a loan so that he may expand the variety of goods that are sold in his store. Elbrus is very grateful to everyone who is helping him achieve success in his business with this loan.
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.