Gulnar is a 28 year-old woman who breeds and sells sheep. Gulnar is married and a loving mother of three children. Gulnar works hard because she wants to improve her life. She is engaged in animal husbandry. Her husband repairs different kind of electronics and he helps his wife in his free time.
For the past 4 years, this persevering lady has been working very hard raising and selling sheep. She uses the income she generates to provide a better quality of life for her children, who are her greatest joy. With two previous loans she was able to increase her income.
Gulnar has requested a loan of 1100 AZN to buy fodder and more lambs that she will sell when they are fully grown. With this investment, she will be able to increase her earnings substantially and improve her quality of life.
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.