Orujali A. is a 49 year old a father of 4 children. He has a small business raising cattle. He raises the cattle and then sells them at the market. His kids also help him out in his business. He buys cattle at a lower price from the markets and, after fattening them for a month or two, sells them.
He also has a car, which he uses to take local people to the center of the region, but his main financial source is cattle breeding.
He plans to increase the number of his livestock but doesn't have a cow-shed that is big enough. With the help of a loan, he wants to construct a comfortable cow-shed for his cattle and purchase two calves. Let's do our best to help this hardworking man!
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.