Babak B., 22, is a very enthusiastic young entrepreneur who has sold electrical goods in a small shop in Agsu city for the past three years. His father added to his experience by teaching him the best practices in selling goods and communicating with customers. Babek`s dream is to build his own family one day and for this purpose he needs to increase his income. This guy really believe that you can be a part of 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.