Elnara lives in small village of the Saatli region, Azerbaijan. She is single and lives with her parents, who she also cares for. Living a hard and poor life, Elnara decided to start her own business ito earn some money and improve the life of her parents who are on a pension now. She purchases cattle and raises them, feeds them, and then her father takes them for selling to the local livestock bazaar. Also her father pastures calves while Elnara takes care of her mother. As she is officially "unemployed" she is looking for alternatives. Elnara is currently requesting a loan of 1200 USD to purchase more calves, and she hopes to expand her business in order to continue to support her family.
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.