Najiba Quilyeva is a 37-year-old farmer who keeps poultry for selling in Bilasuvar in the southern region of Azerbaijan. Najiba is internally displaced person who fled from Jabrail region to Bilasuvar during the Azerbaijani-Armenian conflict. She has seven years of experience in raising poultry. She sells hens and eggs to the local bazaar traders and sometimes to her neighbors. Najiba lives with his husband and four children. Poultry is the only source in their family. It is very hard to cover family needs keeping just poultry. Many times Najiba wanted to expand her business and purchase additional hens and also geese and turkeys, but children needs and other family problems didn’t allow her to do it. Borrowing a loan is the only possible way to expand her business and she has applied for 1000 USD. The estimated cost for poultry is 10-15 USD.
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.