Because she and her husband are unemployed, they decided to purchase one foal and fodder for it. Her husband is going to work as ploughman in summer to earn some money for the other seasons. To enable her husband to start working as ploughman, Jeyran needs to raise a foal into a good and healthy horse. For this purpose, she applied for $1100 USD to purchase a foal for $600 USD and, with the remainer, enough fodder to raise it by summer season.
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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