Nazaket S. is 42 years old and the loving mother of three children. Her eldest son is already a student and her younger two daughters are going to school. Nazaket and her husband dream that their children will finish higher education.
Nazaket sells foods, such as candies, sugar, tea, and cheese. She has been in this business for eight years. Nazaket is a very polite and a cheerful woman by nature. That is why she has her bulk buyers, which allow her to have a stable income for her family.
Today she is requesting a loan of $1200 USD to purchase more food products. She promises to repay the loan in 15 months. Nazaket sincerely expresses her gratitude to all her lenders! Let’s support this woman who has a lot of courage and strength and hopes to achieve a better life.
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.