Sharafat lives in Saatli. He is married and the father of three children. He has been running a business of selling construction materials, such as cement and fuels, for more than three years. He makes his sales from his own house, which allows him to have many clients and customers while at the same time be engaged in a cattle-raising business together with his wife. Currently he is asking for a 1,100 AZN loan to purchase young cattle. He has five years of experience in cattle breeding.
Being a very accurate person by nature, he is sure, and would like to ensure the lenders, that he is able to pay the loan on time without any violations.
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.