Natiq has worked in this particular field for more than 20 years but, until recently, he rented the shop in which he sold his goods. However, he is proud to say that he finally purchased land not long ago and proceeded to build his own shop. Nevertheless, the shop is quite new and is in need of repairs and other improvements. He is requesting a loan in the amount of $800 in order to purchase more equipment to sell and to make repairs to his shop.
About Aqroinvest: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.
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Success!! The loan was 100% repaid