Nizami has worked as a barber for many years and opened his own barber shop in 2009. He is very talented and maybe that's why he has so many clients. Also, he doesn't charge much for his services. He has a good client history.
Now, he wants a loan of 1,500 ANZ, so he can buy newer instruments for hair cutting. This way, he thinks he can offer a better service for his clients. Nizami is married and has four children who are the meaning of his life. Nizami promises to repay on time.
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.