Rena H. is 36 years old and married, and she is the loving mother of two children. Rena’s husband is currently unemployed, so her business is the main source of income for her family.
Rena has a grocery store where she sells sweets (candies), preserved food, juices, soft drinks, detergents, and other products. She has been in this business for five years. The inventory she has for sale is of very good quality and selection. Rena is respectful and patient with all of her customers, which attracts people and brings them back to her store to buy groceries again.
Rena wants to keep her business sustainable and has requested a loan of 1,200 AZN to increase the inventory she has for sale.
One of Rena’s dreams is that her daughters progress by means of their studies. You can help Rena to approach her dreams.
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.