Samir is a 31-year-old married man with three children. He sells men's clothing and some home products in the central bazaar. He has 10 years of experience in this field.
Samir sells seasonal clothes, which are very popular, especially jeans and shirts. He changes his stock every months to keep clients satisfied. His monthly income is 120 AZN. His wife helps him to choose the clothes and home products. The home products he sells are buckets, basins, baskets, and so on.
This business is only one financial income for Samir's family and he is trying his best to work harder and cover the needs of his family. He applied for 1500 AZN to purchase more seasonal clothes and home products to sell. He promises to pay on time. This will be his 5th loan and AqroInvest CU trusts him!
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.