Gulpari is 40. She is married and has two sons. Her husband works as a taxi driver, but the main financial income in their family comes from Gulpari's poultry business. She usually sells chicken in the central Bilasuvar bazaar and her monthly income is about 100 USD. She would like to increase her profit so she applied for a loan of 1,000 AZN. This will help to purchase more chicken and improve the quality of life in her family. Gulpari has already demonstrated herself as a good client with a positive credit history.
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.