Shahlar Q. is a hard-working man who is in agriculture. He acquired his abilities in animal breeding when he was very young and has worked at this business for a long time. He is a married father with responsibilities for supporting his three sons.
Shahlar is known as being very responsible and hard-working because, every day, very early in the morning, he starts his job taking care of his fields and raising cattle in his own pen located at his house. Shahlar works as a teacher at local school, but his main income comes from raising cattle.
Today, Shahlar trusts that his loan will be approved and he will be able to improve his business with the purchase of four cattle.
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.