Jamila Q. is a 44-year-old married woman with 2 sons. Jamila sells cosmetics, such as soap, shampoo, toothpaste, and perfumes. She started her business in 2002. The idea of starting her own business came to her when she realized that there is unemployment everywhere and no other way to feed her family. Jamila is not alone in her business.Her husband helps her by purchasing and bringing goods from other cities.
Now Jamila would like to expand her business and purchase more goods to sell. For this purpose, she has applied for a loan of $1200. Jamila would like to count on you for your help.
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.