Agajavad J. is 48 years old, married, and together with his wife, they has 6 children. Agajavad runs the family business, which is a convenience store that sells all kinds of much needed items like oil, sugar, tea, coffee, macaroni, and many other items. He's been in this business for more than 9 years.
Agajavad says that the business is going very well and is generating good earnings, and now he is planning to increase the variety ofgoods. The loan he's requesting will help Agajavad meet his goals.
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.