Natiq usually buys calves, raising and fattening them in 5-6 months, then reselling them to butchers from his house. Milk and yoghurt he sells to the neighbors. His total income per month is180 AZN. His products are very popular in Azerbaijan, as people use meat in everyday national dishes such as pilau and dolma. As well, people always use yoghurt, considered a very healthy food.
In order to increase his income to cover the basic needs of his beloved children, Natiq is requesting a loan of 600 AZN to purchase three head of cattle, one milk cow, and fodder.
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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