Vahid S. is 52 years old, is married, and has two children.
For more than twenty years Vahid has been selling fruits and vegetables such as potatoes, onions, carrots, apples, bananas, etc. His business begins early in the morning at 5:00 a.m.
Vahid buys vegetables from the local farmers wholesale and sells them in the market. Moreover, he is trading in a market that is known among people because of the attractive prices. All this allows Vahid’s business to generate a stable and considerable income for his family.
Today, Vahid is planning to purchase new, fresh vegetables to sell in order to increase the range of his goods. For this purpose he applied for 1,600 AZN. The well-being of this family is in your hands.
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.