Elza A. is a 51-year-old woman who has a poultry business. She has 10 years of experience in this field. She is married and has 3 sons who are the apple of her eye. Once each week, Elza sells poultry in the central livestock bazaar . Every week, one of her dear sons helps her to take the birds to the bazaar.
She has applied for a loan of 1600 AZN to build a good shelter for her birds and to purchase more hens, turkeys and ducks.
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.