Khayala a is a hard-working, smart and conscientious young woman. She is 31 years old, married and has two adorable daughters. Together with her husband, she is involved in livestock breeding. She looks after and feeds livestock during the day. She sells cattle for meat profit and her monthly profit is 300 USD. She fattens up livestock for 3-5 months and then sells it at a profitable price at the market.
Khayala wants to expand her business and maximize her profit in order to improve her living conditions. She is requesting a loan in the sum of 1,000 AZN for the purchase of livestock and to build a shed to keep her animals in appropriate conditions.
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.