Polad is a 43-year-old married man who owns a small farm where he raises seasonal vegetables and breeds cattle. He is a hardworking man who has fought to provide for his family and children, who today are working adults thanks to his example.
Polad has been running his business of raising and selling cattle since 2006, when he was without a job. Since cattle raising and selling is a profitable business, Polad has become a very successful businessman in a very short period. He works very hard and spends all his time with his animals, cleaning them, feeding and pasturing.
Now Polad wants to expand his business and buy more cattle, so he applied for a loan of 1,300 AZN. Polad thanks all lenders for their support.
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.