Amrulla K. is 44 years old. He is married and has five children. Amrulla has been working in agriculture for more than 20 years, since he was young. He has been breeding sheep for more than 20 years and he is trying to improve the breed in order to increase his prices. He invests time and money for the feed and medicines that the animals require. Amrulla keeps going thanks to the help and enthusiasm of his five children who, along with his wife, help him care for the animals.
Amrulla needs a loan of 1600 Azerbaijani manats to buy more sheep to expand his business. With your help, this will be possible.
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.