Azizaga is 47 years old. He has been working in retail for the last six years. He manages his business together with his wife. Azizaga has two daughters and two sons. His goal is to distribute his products and to expand his coverage. For this reason, Azizaga applied for a his second loan through Aqroinvest. He will use it to buy merchandise to sell: water, soft drinks, cookies, candy, juice and more. Azizaga hopes to use the profit from the business to help his family.
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.