Izay I. is a successful father and dedicated husband. Together with his wife he has two kids. Izay began a small grocery store three years ago with a small amount of savings. He is assisted by his wife who helps him serve his clients. Today, his clientele has grown greater and his grocery becomes more popular. He is asking for a loan so that he may expand the variety of goods sold in his store. Izay is very grateful to everyone who is helping him achieve success in his business through this loan.
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.