Vugar is a 37 year old differently-abled single person who works with his father in a store. He manages a variety of products such as foodstuffs, plates, dishes, and so on. He lives and develops his career in Agsu district. Every day he sells products in his nearby market and monthly earns 100 AZN.
His aim is to increase own business, especially adding more household goods and and other products. He says that these activities will help him to increase monthly net profit.
Vugar has requested a loan amount of 1000 AZN for Agroinvest CU to purchase more stock of items in his store. He wants to increase level of sales and help his father.
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.