Rovshan is 48 years old. He is married and has two sons. Rovshan has engaged in poultry breeding for twenty-five years. His wife helps him breeds cocks, hens and geese. Rovshan sells poultry and eggs at the bazaar. Sometimes he sells goose down too. His monthly income is 170 AZN.
Azerbaijani peoples’ demand for bird meat is high. They like to cook delicious national dishes (chicken with sweets to pilaf, fried goose, hen or chicken with different tasty spices and flavors, levengi etc.). Goose down is used to make soft pillows and warm coverlets or warm coats.
Rovshan is borrowing 1500 AZN. This is his first loan from AqroInvest Credit Union. He wants to buy more poultry and cover the costs of breeding and keeping them.
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.