Rasim is 23 years old and is a very young and enthusiastic man. He is married with 1 child. He sells fruits, vegetables, and fresh greens in the central market of Sabirabad. He has been in this business for 2 years. Fresh fruits and vegetables as well as greens are very popular in Azerbaijan; people use them in their everyday meals. Considering the constant demand for these products, Rasim's business is quite successful and brings in a stable income for his family. His monthly profit is about 150 Azerbaijani manats (AZN).
Rasim has requested a loan of 1000 AZN to purchase more items for his business so he can increase the variety of goods he sells. He would like to thank everyone for their support and promises to pay back the loan on time.
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.