Milk, yogurt and meat are very popular foods in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma and often use yogurt as a sauce. Milk products are considered very healthy to eat; they are present in everyday life.
Rovshan’s cattle business brings in 200 AZN a month, the family’s only income. It is not enough to cover the basic needs of his beloved children. He has applied for a 1300 AZN loan with ACU (his second loan with them) to purchase two cattle, one milker and fodder for them. Rovshan has a good client history.
About Aqroinvest: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.
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Success!! The loan was 100% repaid