Bahram B. is the loving father of three sons. He works as a postmaster, but this job is not permanent and it comprises only 10% of his income. His wife is housewife.
For almost 10 years, Bahram has had his own business raising livestock. He buys cattle, fattens them, and then sells them. He started his business with a small amount of money. He was also able to use money he made to expand his business.
He wants to borrow money to buy more hay for the winter season. Because meat is very popular, Bahram would like to purchase four calves, fatten them, and then sell them during winter season. Bahram would like to be able count on you for your help!
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.