Ali I. is a 53-year-old entrepreneur who breeds calves for sale and has 15 years of experience in this field. Ali is married and has six sons! He dedicated his life to bring them up and now he is retired and calf breeding is the only financial source for his family. Receiving very low pension, Ali does his best to provide his youngest son (who is living with him) and his wife with better living conditions. He would like to purchase three calves and fodder in order to increase his income and improve his living conditions. Let's wish good luck to this hardworking man!
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.