Nazakat is 38 years old and is a very responsible and hardworking woman. She is married and has five children. She has been engaged in poultry breeding for the last 9 years. Her husband is unemployed and her business is the only source of income for her family. Her daughter helps Nazakat to look after the poultry.
Poultry meat is very popular among the local people and many national dishes are made of chicken and turkey. People use different kinds of poultry meat in different seasons. In autumn and winter, people use goose and turkey, in spring and summer only chicken. Nazakat's income per month is 300 AZN.
Now Nazakat would like to increase her number of poultry and for this purpose she applied for 1000 AZN. She is going to buy more chickens, sell them for a profitable price, and hence increase her profit.
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.