Azad is a 30-year-old married man. He is blessed with two daughters, who go to a local secondary school. Azad and his family live in a small settlement built for refugee families, in Bilasuvar district. He fled to Bilasuvar from Nagorno-Karabakh in the beginning of the 1990s.
The family's budget depends mainly on the income from the cattle-breeding business that Azad started in 2003. Nowadays he earns about 350 AZN a month through selling dairy and meat products in the local bazaar. With the help of this first loan in the amount of 1200 AZN, Azad purchased three cows. He thanks you for your 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.