Siyavush is 45 years old. He is married with two children. His wife is a housewife. For the past ten years, Siyavush has made a living selling vegetables and fruits such as tomatoes, cucumbers, apples, and beans. His eldest son helps Siyavush with the business. He buys vegetables and fruits from the local farmers and sells them in the market. He sells in a market that is known for attractive prices. All this allows Siyavush ’s business to generate a stable and considerable income for his family. Today he is planning to purchase new, fresh fruits and vegetables to sell in order to increase the range of goods he offers. With this goal in mind, he has applied for a loan of 1,000 AZN. Siyavush has a good credit history with AqroInvest and promises to repay the current loan as promptly as he has done in the past. Siyavush and his family need some help and hope you will become a part of his 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.