Heyran is married and has one daughter. Her husband is unemployed. Heyran helps her husband to take care of their family. She sells everyday products in her grocery store, which is located in the central market of Sabirabad. She purchases goods two times a week. Her monthly income is about 250 Azerbaijanian Manat (AZN).
Heyran would like to get a loan of 1,000 AZN for purchasing a new assortment of foods in order to expand her business and allow customers greater choice. This will be her second loan and she has a good credit history. She is a careful and responsible borrower of AqroInvest CU.
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.