Qarash is a 43-year-old married man. He has one son and one daughter. His wife is a housekeeper. He has a car shop where he repairs different parts of automobiles. He is a master in this field because he can fix all kinds of problems related to engines and he has 10 years of experience in this field. His monthly profit is 400 AZN
He needs additional funds to invest in new equipment for his shop. In his city, everybody has a car and of course, people need a good master for their car. Now he needs a 2,000-AZN loan .This new loan will help him to increase the efficiency of his garage. He will be able to repair larger size cars.
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.