Yaqub N. is a 56-year-old married father of three children. He provides for his family with the revenue generated by the grocery store he owns. He is requesting a loan of $2000 US to increase the stock of food goods available at his store. Yaqub is ready to work even harder and make sacrifices to achieve his goal of becoming a successful entrepreneur and supporting his children's efforts to get good educations. We believe his perseverance and clear vision will ensure the success of his small business.
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.