Elmira is a 53-year-old, hardworking, married woman. She lives in Sabirabad with her husband and four children. All of them are adults. Elmira and her husband have been engaged in cattle breeding for more than twenty years. This business is the only source of income for her family. She buys a calf, looks after it for two-three months, and sells it in the local market. This is her first loan from Aqroinvest and Kiva.
Elmira requested a loan in the amount of 1000 AZN to purchase several head of cattle. She will invest the earnings from the loan into a continued development of her business.
Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.