Jeyran is a 52-year-old woman and is married with two sons. She is a market vendor and sells women's clothes in the bazaar. She has more than 10 years of experience in this field. She knows the taste of local ladies and doing her best to fulfill their needs. Her monthly income is 220 Azerbaijanian Manat (AZN), and she would like to increase it.
She was on pension when she started her business. Low financial income and the joblessness of her husband pushed her to start her own business which she is now proud of!
Jeyran applied for 1200 AZN to purchase seasonal clothes and cover customers' demand. This will be her first loan, and Jeyran promises to pay on time.
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.