Rasim A. is a successful entrepreneur, father and dedicated husband. He has two children who are giving him the strength to work hard. Rasim began a small grocery store many years ago with a little capital he saved. He was assisted by his wife who helps him serve his clients. Today his clientele has grown greater and his grocery has become more popular. He is asking for a loan of 1000 Azerbaijani manats so that he can expand the variety of goods that are sold in his store.
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.