Aygun is 45 years old woman who raises and sells fruits and vegetables. She is farmer and market vendor at the same time. She is married and has seven children. She has 15 years of experience in raising crops. She usually sells them from her yard and from her shop. Her monthly income is 100 AZN.
Raising crops takes a lot of strength and requires physical work which is hard for one woman, hence her elder son helps her to raise crops and takes them to the shop. She raises cucumbers, tomatoes, pears, potatoes, carrots, apples, cherries and onions.
She applied for 2,000 AZN loan to purchase seeds and fertilizer to improve quality of her land.
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.