Kamala is 30, and she is engaged in poultry breeding. Poultry is very popular among Azerbaijani people and most of the everyday meals are made of chicken or turkey. She has 4 years of experience in this field and her father, who is helping her now, was the one who brought her the idea of starting the business. Now her monthly income is 200 USD and she is on the way to increasing it.
Kamala has a lot of customers and their demand is rising very fast. Kamala needs additional financial support to cover this high market demand. For this purpose she applied for 1100 AZN. She will use the loan to purchase more chickens and turkeys.
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.