Gulnaz S. is a 46 year-old woman who has a primary education. She is from Nagorno-Karabakh but fled with her family to Bilasuvar at the beginning of the 1990s. Now she lives with her family in a small settlement built for refugee families. Gulnaz is married and has a 25 year-old son and a 23 year-old daughter. Her husband and children help her in the cattle-breeding business which she started in 2007. Now the family's monthly income is on average 250 AZN. This is her first loan with Aqroinvest and Kiva 1000 AZN which she used to buy three cows. Now she has six cows. After she repays this loan she plans to apply for more loans to expand her business. Her goal is to have thirteen cows.
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.