Sadaya is 46 years old, married, and has two daughters. She has been working as a gardener for 15 years. She raises and sells seasonal fruits in the garden. Her monthly income is 500AZN. She has good experience in this area. Her husband is a farmer, and this brings the family additional income.
Sadaya raises and sells cherries, apples, and pears because people have high demand for fresh fruits. They like to eat them fresh or use to prepare fruit pies. They attend Sadaya’s grocery because fruits there are always fresh and tasty.
Sadaya needs to increase her income in order to be able to cover her family’s demands. She applied for 1000AZN in order to plant other fruit trees and diversify her assortment of groceries.
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.