Akif F. is a married 52-year-old man who lives in Saatli region with his family. He has two sons and two daughters.
Akif started his own foodstuffs store in 2004. It is the main source of income for his family. This is his first loan from Aqroinvest and KIVA. He used this loan of 1000 AZN to stock the shelves of his store.
He is grateful for the support provided to him because it allows him to grow his business. After Akif repays this loan he plans to take out another loan to expand his store to sell a wider variety of products.
Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.