Asad A. is 68 years old, and a very hard working, enthusiastic man who is married and wishes to give the best support to his 3 sons. Because the small pension he received was not sufficient to cover the family's basic expenses, he decided to start his own business selling office supplies, beverages, snacks and candies. He made a wise decision when he rented a place near one of the local schools and now the majority of his clients are school children, teachers and sometimes parents.
Asad tries to give his family as much money as possible in order to cover the expenses of schooling his grandchildren. His sons are married but it is still very hard to cover family needs and Asad`s business is an additional source of income.
Today Asad wants to expand his business and to increase his working capital in order to purchase new goods to sell. With this purpose in mind, he is requesting a loan of US$1200. He hopes you will choose to play an important role in his business' growth and in the life of his family, and he thanks you for your support.
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.