Sabuhi M. has always been a hard-working man who has made sure, from a young age, that his family never goes without daily bread. He is married with one adorable daughter. Sabuhi has a grocery store where he sells different kinds of food items. With a starting capital of 100 USD, and perseverance and dedication, he began this enterprise 8 years ago. He has expanded his business and today his family helps him with the business.
Today he needs to buy additional food items to increase the variety of his products. For this purpose, Sabuhi is requesting a loan of 1,000 AZN. He is ready to work even harder and make sacrifices to achieve his goal and become a successful entrepreneur. We believe his perseverance and clear vision will become key success factors in his small business.
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.