Ilkin Q. is a 28-year-old man. He is married and has two school-aged sons. Ilkin has owned and managed a grocery store for the last four years. His store is located at the front of his house and his wife actively helps him in his business. They are very hard-working people who dream of giving a good education to their children. By expanding the business, he will be able to improve his family's quality of life.
Ilkin feels happy because this is the first loan he has taken out from AqroInvest and Kiva. He requested the loan amount of 1500 AZN to renovate his store and expand his inventory. He hopes to use the profit from this loan to educate his sons.
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.