Sevil is 41 years old. She is married with two children. Sevil has a small cafe where she sells breakfast, lunch and dinner as well as tea. Prior to opening her own business, she was a housekeeper.
When Sevil first started her business, she only opened to sell tea. Once her place became more popular, she was able expand her business. Her monthly profit is 200 USD. Her son helps her to serve customers.
Sevil wants the loan so she may purchase more products. She is asking for a loan of 500 AZN. With this money, Sevil will be able to expand her business, to earn more profit and cover her children's needs. She is a good client of AqroInvest and this is her second loan.
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.