Taleh is 25 and is married with one child. As an aspiring and hard-working man he has always dreamed of achieving success in whatever he does. He has been involved in animal husbandry for three years.
Taleh loves his business and enjoys being involved in it. He buys livestock at the local city markets, brings it home and feeds it for a certain period of time. When the livestock gains weight, he sells it at a good price. Taleh wants to expand his business and improve his living conditions. He wants to obtain a loan in the sum of 1000 Azerbaijanian Manat (AZN) for the purchase of livestock. His brother actively helps him to run the business. His monthly income is $70 US.
Taleh plans to use the profits from his business to renovate his house and improve the standard of living of his family.
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.