Seymour is a 37-year-old married man with two sons. His wife is a housekeeper.
He grows and sells fruits (apples, oranges, pears, lemons, bananas and etc.) and vegetables (greens, potatoes, tomatoes, cucumbers, onions and so on) at the local bazaar. His monthly income is 90 AZN. Seymour's brother helps him to grow fruits and vegetables.
Azeri people like eating delicious fruits and vegetables. Beside that, vegetables are used in preparing different soups (tomato soup, lentil soup), salads, national dishes such as roasted eggplant etc. Demand for fruit is also high. They use fruits to make fresh juice, fruit pies, and different sorts of jam.
Seymour wants to expand his business and improve his family's life condition. Therefore he applied for a 1,500 AZN loan. He will use this money to buy more fertilizers and garden tools.
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.