Gulabbas is 55 years old and the father of three children. His wife is a housekeeper. To earn a living, Gulabbas owns a two-hectare field for cultivating vegetables such as tomatoes and potatoes. He also has a garden where he grows fruit. He makes 150 USD profit from selling his crops. He usually sells them in the central bazaar. On his land, Gulabbas is now unable to do any planting because he does not have enough money for seeds and fertilizer. To deal with this problem, he decided to ask for a loan of 1500 AZN to buy the necessary supplies. Gulabbas sees this as an opportunity to obtain a better yield which will improve his family's living conditions. This will be his second loan.
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.