Islam has been in the business of cattle breeding for the last 23 years. The breeding business requires a lot of dedication and effort since it requires the strict control of every one of the animals, including feed and care for those that are older.
Cattle breeding and reselling animals for a profitable price provides the only income for Islam`s family. He earn about 170 USD per month. Through this business, Islam is able to support his spouse and his four children.
He is requesting a loan of 1,800 AZN to buy more animals to raise and sell in the market.
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.