Jamal H. is 32-year-old man who raises sheep in the small village of Imishli. He is single but is responsible for his elderly parents. Breeding sheep is the only source of income for his family. Jamal has been breeding sheep for last 10 years. He is applying for 1600 AZN to purchase more sheep and fodder. He believes that he can earn more profit this winter as the demand for mutton in winter season is very high. We 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.