Nazim Q. is 35 year old. He is married and has three children. He is a small entrepreneur who sells different kinds of foodstuff such as sweets, soft drinks, and juices. Nazim is not alone in his business. His brothers actively help him with sales. Cureently Nazim requests is a loan of $1200 USD for a term of 15 months to increase and diversify the products he sells. He is ready to work even harder to achieve his aim of becoming a successful businessman. His main goal is to create good conditions for his children and give them a proper education, and for this purpose, he is ready to work as hard as possible.
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.