Tahir is 51 years old. He is married and has 2 daughters. His wife is a housekeeper. Tahir has a small shop and sells products such as bread, butter, milk, sweets, salt, sugar, cookies, etc. His monthly income is 160 AZN. Tahir has 30 years of experience in this business.
In his area, the demand for the products he sells is very high. People buy these products every day and use them in different cases. They buy products for their regular breakfast, supper and dinner and for unusual events such as family parties, holidays and so on. Small markets are very popular because products in such markets are cheaper than in big supermarkets.
Tahir borrowed 2000 AZN to expand his market business. This will help him improve his family's life and provide for his daughters education and future life. Tahir is a very responsible person and this is his fifth loan.
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.