Elmaddin S. is a 27-year-old young entrepreneur who has been selling different kinds of food products in the grocery store for the last eight years. He is married and has two children. Elmaddin lives in one house with his parents and supports them financially. Being in this business for a long time, Elmaddin learned the market and his customers and he knows very well how to attract people to his store. Good location, friendly smile and accuracy on the shelves are the keys to a successful business. Now Elmaddin requests 1606 AZN to enlarge his business and purchase more merchandise. We believe clear vision, experience and deep knowledge of the market will help Elmaddin to succeed in his 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.