Tahir is 57 years old and married with three children. He has been selling rice, beans, eggs, spaghetti, chicken, meat, and more for ten years. Tahir's business is in his home, and his customers are his friends and neighbors who visit him from Monday through Sunday. His sales are very good.
Tahir is asking for a 2000 AZN loan to buy products for his grocery store such as rice, beans, eggs, chicken, meat, salami, pasta, bread, soft drinks, juices, and milk to be able to earn more in his business. This investment will help him stock more inventory, thereby increasing his income to cover household expenses and financial commitments.
Tahir dreams of having a better store that is more appealing and comfortable for his customers, improving his living situation, and expanding his business. Tahir hopes that the loan will help make his dreams a reality.
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.