Nazila H. is 42 years old and lives with her husband and two children in Bilasuvar. Both of her children attend school. For the past seven years, she has operated a cattle-breeding business, breeding animals and selling dairy products to her neighbors. This business is the primary source of income for the family.
Nazila approached AqroInvest and Kiva to request a loan of 1000 AZN to purchase two dairy cows. Nazila is very thankful, because she believes the profit she will make from this business will allow her to improve her house and living conditions for her family.
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.