Bahar is 43 year old woman who has been involved in farming for the past 11 years. Bahar is an IDP (internally displaced person) and lives with her husband and two daughters in Bilasuvar IDP Settlement.
Bahar raises fruit and vegetables and sells them in the local bazaar. Her monthly profit from this business is 200 AZN. This is the only financial income in her family and Bahar would like to increase it. She applied for 1000 AZN loan to purchase seeds and fertilizer.
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.