Donmaz lives in Agsu city. He is married and has three children. Donmaz has a business selling oil for cars. He has been in this business for 7 years. He buys goods from a wholesale supplier and sells them at the market. His average income is 300 USD per month.
Donmaz would like to get a loan of 1,000 AZN to purchase building materials and household goods to sell. He thanks all lenders who support him, which allows him to expand his business and improve his family’s life.
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.