Nigar A. is the 58-year-old mother of seven children. She dedicated herself to raising poultry in the small city called Bilasuvar.
After she suffered from the Armenian-Azerbaijan conflict in 1992 she started her life from scratch to provide the necessities for her children. She raises poultry and sells them to the local market traders. The most popular are chickens and turkeys. Nigar is very polite to all her clients and that’s why people come to her.
Now, Nigar has applied for a 2,000 USD loan to increase the number of her poultry. This will allow her to increase her income and improve her life conditions.
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.