Samir is 20 years old, married, and the father of one daughter. Samir has been a wheat farmer for the last 2 years, and he also raises livestock. Samir's wife supports him in farming. This is his first loan, which he spent on preparing land for planting wheat and the remaining amount on buying some livestock. He hopes to use the profit from the proceeds of this loan to expand his farming activity from small scale to commercial farming. He is a hardworking man who is determined to achieve his set goals.
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.