Rafiq S. is a 58-year-old man who lives in Sabirabad. He is married and has a big family. He is a father to three sons and one daughter. Rafiq receives a monthly pension of 113 AZN. Since that is not enough to support his family, he started his own poultry business 10 years ago. His whole family helps him in his business, especially his son. This loan of 1000 AZN, to buy feed for his chickens and turkeys, is his first with Aqroinvest and Kiva. He plans to grow his business in the future.
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.