Leyla is a 57-year-old widow with a daughter and two sons. They are refugees and live in an IDP (Internally Displaced Persons) settlement. She grows vegetables and her elder son helps her with this. Then she sells them at the local bazaar and receives 150AZN monthly for this. She has 21 years of experience in this work.
Azerbaijan cuisine has lots of recipes for delicious dishes. People buy vegetables to prepare such dishes as dolma, badimjhan dolmasi, qovurma, sogan dolmasi, basdirma and so on. That’s why people's demand for vegetables (potatoes, tomatoes, onion, greens, eggplant) is high.
The situation for Leyla is very hard. She has to raise her children and provide them with a bright future. She applied for 2000AZN loan in order to buy more fertilizers.
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.