Khijran J. is a 46-year-old woman whose main source of income is bread making. Khijran is married with five children. Khijran's mother taught her how to make bread, and she chose it for the main business in her life of housewife. Early in the morning Khijran wakes up to make pastry and at 9 a.m. she starts to make bread in the big oven that she has in her own yard. She sells bread to the local people and to the restaurants. This is a very profitable business, but to make this business more successful, Khijran needs to build a better oven to speed up the whole process of bread making. For this purpose she applied for $1200. Let’s do our best to help this hard-working woman.
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.