Khikmet J. operates a grocery store in his neighborhood. He started his operation 20 years ago. He is a 45 year-old father of three children whom are currently in school. He sells products like rice, canned foods, drinks, cooking oil, assorted biscuits, candies and beverages. With the loan, he wants to buy more of these and other products to increase his stock of goods. With increased stock and increased varieties, Khikmet hopes to make more income to provide for the educational needs of his children. He would appreciate your assistance very much. He wants to provide his children with university education. Khikmet is grateful for your assistance.
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.