Rena I. is a 38-year-old mother of four lovely children. She sells milk and yogurt to the local people and has twelve years of experience in this field. Because of hard living conditions, she got married at a very young age. Her husband helps her with selling dairy products.
Her dream is to provide her children with access to education, but this requires more funds that she is earning now. To improve their living conditions, she has decided to purchase one additional milking cow. For this purpose she has applied for a loan of 800 USD. Rena believes this loan will be one more step toward achieving to her dream, and thanks everyone for their support.
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.