Uzeyir A. is a 41 year old trader who sells bath accessories in the small village of Imishli. He is married and has two children. He started his business more than 12 years ago with a starting capital 200 USD. Uzeyir is an accountant and it is very easy for him to run the business without additional employees. He sells a wide range of bath accessories which makes his shop very attractive for people.
Uzeyir already took a loan from AqroInvest and it helped him to purchase qualified accessories and increase his income. Now he would like to increase the number of the items he sells. He is a trusted client of AqroInvest and he counts on you for your trust and 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.