Fanusa is a 52-year-old woman who sells different food products and has 6 years of experience in this field. Fanusa sells food products such as tea, beverages, sausages, cookies, etc.
Her monthly income is 230 AZN. Her business is successful because she is very friendly and polite. The demand in the products she sells is very high and she would like to purchase more items to increase her sales. She applied for a 1800 AZN loan to purchase more merchandise. This will be her 4th loan and she has a good credit history.
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.