Matanat A. is 31 years old. She is a very active and passionate woman who started her business in 2002 and has become very experienced and skilled in raising calves. She has applied for a loan of 1606 AZN to expand her flock. She believes this will help her generate greater revenue and, ultimately, greater profit for her three children.
In the future, Matanat plans to buy additional calves to increase her income further. We hope that you will play an important role in her family life because she deeply appreciates the trust and support lenders give her.
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.