Fikret A. is a 52-year-old married man with an adorable daughter. After finding it very difficult to get a job and needing to generate an income, he started his own small business selling home products eight years ago. Fikret began by selling a small selection of basic products, and added to his inventory as he gained more customers. Fikret is requesting a loan of 1,600 AZN to purchase additional merchandise to stock his store and meet his customers' demand. Your support will help improve his life and expand his business. Thank you!
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.