Azdar K. is 45-year-old tailor who lives with his wife and three children in the small village of Imishli city. He started his business in 2003 and since that time he gained a number of clientele who trust his experience. Azdar sews different clothes such as shirts, trousers, but the highest demand is for coats. Azdar`s business is the only financial source in his family, and he tries his best to accomplish his main goal, to provide an excellent education for his children who are in school now. Azdar starts his day at 7 in the morning and works till 9 p.m. Now Azdar thinks it is time to improve his working conditions, and for this purpose he applied for $1200 to purchase a modern sewing machine. Azdar and his family 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.