Forty-one-year-old Vali V. breeds sheep in the Bilasuvar region. He has more than 15 years of experience in sheep breeding. Selling the sheep for meat is the main source of income to support his wife and five children. Vali works as builder, but this work is not permanent and he works only if any local people build new houses or cafés, which happens very rarely. He is applying for $1000 US to purchase 15 sheep and fodder. This loan will help him to increase his income because summer is high season for weddings and the main meal at that event is mutton.Vali has a good chance to improve his life condition by selling sheep during this period.
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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