Qasham is a 33-year-old married father of two children, both in school.
Qasham works very hard to provide for his family. He has been supporting his family through the income earned from a small general store. He sells items like snacks, spices, electric bulbs, and soda in his village. He has had the store for the past eight years.
Qasham has requested a 2,000 AZN loan through Aqroinvest to buy more items to sell in the store. This is not his first loan from AqroInvest. Qasham has a good credit history and good morals.
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.