Qalib is 53 years old and is married with three children. He sells different home products in his shop. Qalib has more than 20 years of experience in this field. He is a knowledgeable and skilled person.
The products he sells are very popular as dowry products and are in high demand, especially for brides. His monthly profit is 130 AZN. His wife helps him to sell the products in his shop. He is a very successful entrepreneur because of his shop's good location in the central bazaar of his home city.
Qalib would like to increase his sales and invest additional capital. For this purpose he applied for a loan of 2000 AZN. He will purchase and diversify additional merchandise to increase monthly turnover.
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.