Rafiq R. is a hardworking man who works in the cattle raising business. He is married with four children. He works hard to provide everything his family needs. Presently, Rafiq is sacrificing and working hard to make his business grow. He buys young calves, then raise them and sells for a profitable price to the local butchers.
He is requesting a loan of 1000 AZN that will allow him to purchase young calves. He plans to feed and raise these cows. His goal is to then get the most return from the sale of the cows' milk products. This will be his first loan with AqroInvest CU and Kiva. His experience and our evaluation shows he is qualified to receive the loan.
Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.