Javid owns a small kiosk and sells magazines, newspapers and office supplies in Sabirabad city. He started this business 5 years ago. The goods he sells are in high demand and his business is going well. He is married and has 2 adorable children who are going to school. Javid is a hard-working person and he would like to develop his business even more. His spouse is a housewife and sometimes helps Javid with his business.
This kiosk is the only source of income in his family. Javid would like to get a loan of 1,000 AZN to increase his inventory. He hopes that this loan will be next step in his business growth. Javid 's goal is to have a stable source of income for his family.
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.