Tarana is a 32-year-old woman who raises and breeds sheep and sells milk products in the local community. Tarana has 3 years of experience in this field. She breeds sheep for meat and fur and keeps one cow to sell milk and yogurt, which are very popular products in Azerbijan. Tarana's profit per month is 250 AZN. Her husband works as taxi driver, but his salary is too low to cover the needs of the family. Tarana's business is the main financial source of income. She has applied for a loan of 1000 AZN to purchase sheep and a milk cow.
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.