Pambiq M. is 47 years old. She is married and has three children. With persistence, dedication, and help from her husband, she has been able to make a living by cultivating land. Pampiq specializes in the cultivation of vegetables, such as pomegranates, potatoes, cabbage, and carrots, having learned the necessary skills from her parents. However, Pambiq would like to manage her land even more efficiently in order to make it more productive and to be able to grow different varieties of crops. In order to do so, she is requesting a loan of US$1,000 for purchasing seeds and mineral fertilizers. With the additional income that Pambiq plans to generate, she will be able to improve her family's standard of living.
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.