Seymur N. is from the district of Agsu. Currently, he dedicates himself to his livestock business, a popular enterprise that is characteristic of the region.
He is the father of two children whom he cares for and has the responsibility of educating. It’s important to note that Seymur is very conscious of his duty to support his family financially. For this reason, he applied for a 1,000 Azerbaijani New Manat loan to purchase three cattle to help him increase his income.
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.