Yagub M. is 32 years old and lives in a small village in the Saatli region. He has a retail shop and supports his family with this business. Yagub sells spare parts for foreign cars, like Mercedes-Benz and Opel, and also sells food, such as pasta and some fruits. He has been involved in this business from 2000.
Yagub has a great demand for his spare parts, so he wants to buy more spare parts to sell to clients. He also would like to purchase more goods to sell, such as cookies and candies.
He is requesting a loan of $1200 USD to buy more spare parts and goods and t enlarge his shop to meet the requirements of his clients and increase the income for his family. Yagub would like to thank everyone for their trust and support.
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.