Sharafat is 53 years old and has three sons. He is a very passionate and energetic person in everyday life. Sharafat is always inspired by his sons and has big dreams for his sons - that they will be educated and become good members of society.
Sharafat grows vegetables and fruits. He takes them to the central bazaar to sell for profits. Sharafat and his wife have been doing this for fifteen years. He loves his job, because he considers agricultural activity to be a contribution to society. In Azerbaijan, fruit is served as dessert and vegetables are used in daily meals.
He has already taken a loan from Aqroinvest once and has a good loan history. This time he has applied for a loan of 1,800 AZN. Sharafat wants to grow more vegetables and fruit when the climate gets warmer after winter, and there is upcoming demand for these products in summer.
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.