Ramil A. is a 39-year-old man who sells vegetables in the central market in Agsu city. Ramil started his small convenience store when he was unemployed more than fifteen years ago. His biggest dream is to have a general store where he can sell other items besides vegetables and fruit.
With the loan, Ramil expects to keep growing his business little by little and, with the earnings, he'll keep improving his quality of life and economic situation along with his business until he achieves his goal.
Ramil’s wish is that one day he will build his own family together with his prosperous businesses.
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.