Yashar M. is 52-year-old farmer who breeds and sells cattle in the central livestock bazaar. He is a retired doctor, but his pension is not even enough to cover basic family needs. Yashar is married and has 3 children. He started animal breeding 15 years ago as an additional source of income but now this business is the main source of income for his family. Yashar applied for a loan of 1600 AZN to purchase more cattle and increase his general income. Yashar thanks 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.