Sharifa is 44 years old divorced woman who raises her two children alone. She is IDP (internally displaced person) and lives with her family in an IDP Settlement. She has 10 years of experience in poultry breeding. Her son helps her to breed poultry.
Depending on the season different poultry is popular among Azerbaijani people. For instance chicken are popular throughout the year, goose and ducks in autumn and winter, and turkey in winter and spring. Hence, Sharifa breeds the most popular poultry for the particular season. Her monthly income is 130 ANZ. Her son helps to look after poultry. Demand for fresh poultry meat is very popular because people in Azerbaijan use it in many popular dishes.
Sharifa would like to expand her business and purchase more poultry. For this purpose she applied for 1,000 AZN. This will be her second loan and she has good client history.
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.