Tehran M. is married with three children. He has always been a hard-working man who has made sure, from a young age, that his family never goes without their daily bread.
Tehran has a grocery store where he sells different kinds of foodstuffs. He began this enterprise eight years ago with a starting capital of $200. Thanks to his perseverance and dedication, he has expanded his business over time. It has become a family affair now, as they help him with the business.
Today, Tehran needs to buy additional foodstuffs to increase the range of his goods. For this purpose, he is requesting a loan of $2000. He is ready to work even harder, to make sacrifices, and to make extra effort to achieve his goal and become a successful entrepreneur.
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.