Matlab N. is a very hard-working and responsible entrepreneur. He and his family live in the small village of Agsu.
Matlab works in the central city market selling shoes and clothing for men. His business is characterized by stability and consistent growth. He has been working in the market for 19 years. Once a month he travels to the neighboring city for purchasing new goods. Matlab likes to work for himself. His business has been the main source of income for his whole family.
Today Matlab would like to ask for a loan of 1600 AZN to purchase new clothing and shoes to sell. We believe his drive for success will help this young entrepreneur succeed and thrive in business. You can be an important part of the growth of Matlab’s 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.