Hadiyya is a 43-year-old married woman with two children. Hadiyya breeds poultry and raise fruits and vegetables in her garden. She has 5 years of experience. She is a knowledgeable and skilled person in her business.
Hadiyya usually raises and fattens the chickens for a month and then resells them for more profitable prices in the livestock bazaar and to neighbors. Her monthly income is 320 AZN and this business is the only source of financial income for her family.
Chicken and turkey meat is very popular and people use it in everyday cuisine. In autumn and winter, turkey is the most popular meat and meals like kababs and turkey soup exist in everyday meals.
Hadiyya wants to expand her business and improve the living conditions for her family. She applied for 1000 AZN in loan to purchase poultry, seeds and fertilizers.
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.