Tarana is 25 years old. She is a very active and passionate woman. She started her business six years ago and since that time, she's become a well-experienced and skilled woman and many people in her village are coming to ask her advice about keeping livestock. She resells cattle. Her primary income per month is 200 USD.
Tarana, together with her husband, looks after animals and once every 5-6 months sells them at the livestock bazaar. Tarana would like to expand her activity in this field. For this purpose, she has applied for a loan of 1,000 AZN. She will use this loan to purchase three cattle.
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.