Ramil is 33 years old, a married man and a father of two kids. He is a worker who repairs cars. He has been in this field since his childhood, and he established his own business in 2005. He has good experience in this field and employs two people. He is well-known in the neighborhood, thanks to his affordable prices. He is a very talented person.
Ramil is requesting a loan of 2,000 AZN in order to buy modern tools for his shop. Ramil believes that this loan will help him to work overtime in order to provide for all the needs of his family. He has a good loan history, and this is his third loan.
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.