Alishakh S. is married and has 2 children. He runs a small grocery business in Agsu city. His shop is located on the main market aisle where there are many customers every day. Alishakh has been in this business for over 10 years. Alishakh started his business with his first loan from AqroInvest, which he successfully repaid. He is a high achiever and a consistent entrepreneur who is very knowledgeable about the market environment. His professional skills and perseverance have helped to ensure rapid growth and success of his business. Now his monthly income is about 300-450 AZN. Alishakh is requesting a loan of 1000 AZN to increase the assortment of his selling inventory. He is hoping that this loan will help his venture grow and generate extra profits. We believe that Alishakh 's ability to identify tasks critical to business success and set up a system for accomplishing them will allow him to continue growing in the sphere of private entrepreneurship.
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.