Qurban is a 47 year old man who is married with two sons. He sells meat such as mutton and beef in the central bazaar. He has five years of experience in this field. He started his business because he was a butcher and had his own livestock for more than 10 years.
This business is profitable and brings stable income of 300 AZN. People use beef in everyday national dishes as pilau and dolma, and always use yoghurt souse. His friend helps him to cut and sell meat.
He applied for 2000 AZN to buy more sheep and cattle to increase selling fresh meat from his butcher shop. This will help to increase his financial income and improve the life conditions of his family.
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.