Asif M. is 26 years old and a very enthusiastic young man who has been selling different kinds of domestic goods since 2005. Asif is single but responsible for supporting his parents who are unemployed. His shop is the only source of income in Asif's family but the income that his shop brings him is not enough to build his own family.
Asif believes one day he will have a big family with many children. For this purpose Asif applied for a loan in the amount of 1600 AZN, as he believes this loan will help him to increase his profit. Let’s do our best to help this hard-working man.
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.