Shahin has a grocery store and sells food items. His business boasts fresh groceries, reasonable prices, flexible and quality client service, and uniqueness and variety of merchandise. Shahin works hard to develop his business and make it profitable. His current monthly profit is $140.
Shahin is requesting a loan of 1500 Azerbaijanian Manat (AZN) to reconstruct and modernize his grocery store to increase turnover capital and purchase an assortment of goods for retail sale.
Shahin is a conscientious and focused manager with a good client history. This will be his third loan from 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.