Avaz R. is 38 years old. He is married and has two adorable kids. His wife keeps the house and takes care of the kids.
In order to support his family, Avaz sells clothes for men and children. He has been in this business for nine years. Avaz has a wealth of experience and he is able to choose goods that meet the needs of his clients whose tastes differ. The business is quite successful and generates a stable income that allows Avaz to improve the living of his family.
Today, Avaz requests 1200 USD for the term of 15 months. With the loan, he is planning to purchase new suits to sell and thus increase his range of goods.
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.