Zulfiyya H. is 25 years old and has sold cleaning items in a small shop for the last four years. She started her business with the 100$ starting capital. Over time she expanded her business and now she has a grocery store where she sells her goods.
Weekly Zulfiyya travels to the neighboring town for purchasing new goods. Currently she is requesting a loan of 1600 AZN for purchasing more items to expand her business.
Zulfiyya sincerely thanks everyone for supporting her and promises to be accurate with the loan repayment.
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.