Eminaga is 55 years old and married with three children. He sells mobile phones and accessories.
For the past 10 years, Eminaga has supported his family through his efforts. Through the years, he has tried various types of activities and finally, four years ago, he started his business selling cellphones. He believes that this business is profitable and the generated income allows him to support his family.
He is very polite and the items he sells are always good quality. Currently, his business is doing well, but Eminaga needs to increase his stock of goods in order to serve the demands of his clientele. With this purpose in mind, Eminaga has requested 1,000 AZN. He is grateful to all those supporting him and promises to repay the loan promptly.
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.