Ilqar A. is married and is 43 years old with daughters. He began his business 20 years ago with a small store, which adapted according to market demands. Initially Ilqar offered a small number of food products in his store but expanded due to his location and client needs. His wife works with him and helps in the business. Ilqar is asking for a loan of 1,600 AZN to purchase additional merchandise in order to offer a more diverse range of products to his clients. He wants to be able to keep an up-to-date inventory and meet the preferences of his clients. Ilqar thanks you for your support to continue to improve both his business and the quality of life for his family.
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.