Afiyakhanum is 53 years old and is married with four children. For the past five years, she has raised and sold cattle and cows. Her husband helps her to run the business and he also works at a butcher. Afiyakhanum's business consists of selling milk and yogurt as well as meat. Her husband's salary is only 50 AZN and the profit generated by cattle breeding is 330 AZN.
Afiyakhanum is requesting an 800 AZN loan to expand her business by purchasing two cattle and fodder.
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.