1. AQROINVEST CREDIT UNION Aqroinvest CU Baku 2007

3. Geographical Position  Azerbaijan Republic situated on the Caspian Sea  Population – 8.5 millions(51% urban, 49% rural)  Area – 86,600 sq.km (20% under occupation)  IDPs, Refugees - 1 million (12%)  Main exports – Oil, oil products  Inflation rate for FY 2006 -8.6%

4. Microfinance Statistics in Azerbaijan  14 NBCO, 76 Credit Unions, 5 Banks in MF  Active clients 192 000, Portfolio 211 millions USD  Target Group – IDPs, low-income people, rural poor  Only 40 districts of total 70 are scarcely covered by MF  AMFA, AKIA, National Bank involved in MF  ADB, WB, EBRD, TACIS in Azerbaijan MF  Microfinance future sustainable in Azerbaijan due to below factors: high demand of micro loans unemployment rate being high government support to informal sector providing access to capital in free-market economy

5. Background  2001 Established in Imishli  2003 Opened branches in Sabirabad, Saatli & Bilasuvar IDP & Refugee Settlement  2007 Opened branch in Varkhankend village, IDP Settlement  Provides loan service to IDPs and rural poor  Staff-20 employees  Number of clients –1200  Portfolio - 1 263 757.45

6. About Aqroinvest CU  Partners:  Ministry of Economic Development National Fund for Entrepreneurship Support (SKMF)  Social Fund for Development of Internally Displaced Persons (MKSIF)  Credit Implementing Agency, Non Bank Lending Organization (IKA)  KIVA (US)  Azerbaijan Credit Union Association (AKIA)  Member of:  Azerbaijan Microfinance Association (AMFA)  Micro Finance Center (MFC,Warsaw)

7. Agroinvest Sources of Funding

8. Our Vision, Mission, Goals  Vision is to become advanced credit union providing viable financial services for union member as well as playing an important role in financial sustainability and economic well-being of Azerbaijani people.  Mission is to become advanced credit union providing viable financial services for union member as well as playing an important role in financial sustainability and economic well-being of Azerbaijani people.  Goal is to ensure that its members, preferably rural poor and IDPs have an access to viable financial resources and take an advantage of using these resources to determine a sustainable economic future for them. tribute to the business development of the union members and vulnerable groups of people by demand-driven lending services with desirable depth, width and length of social outreach.

9. Agroinvest Values  Social Justice  Cooperativeness  Transparency  Punctuality  Responsibility  Teamwork

10. Agroinvest clients

11. Agroinvest Loans Average Loan Amount 300-30 000 USD Product nameBusiness & SME Loan Term3-36 months Grace Period1-6 months Interest Payment24-36% / per year Interst PaymentDeclining balance, monthly Repayment method Flexible Penalty0.3% daily principle in arrears. Lending modality Individual

12. Female clients Indicator 2003-2007

14. Aqroinvest Staff

15. Contact Information AQROINVEST CREDIT UNION Address: Baku city, Matbuat av. 2, Botanical Institute Phone/Fax:(994 12) 510 61 90 (994 40) 211 00 81