Currently Adelet has four cows and two buffaloes. These animals bring him good income from selling dairy products such as milk, butter and yoghurt to the local and capital bazaar traders. Adelet and his wife do not work and keeping animals is the only source of revenue in their family. This income is just enough to cover family needs. But he still has no place to keep the cattle. Adelet decided to build himself a shed and for this purpose he saved some money and applied for 1200 USD to purchase building materials.
About Aqroinvest: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.
26View loans »