Ali H. is 47. He is a very courageous man that is characterized as someone who can manage tough jobs like raising cattle and agriculture.
Ali is the father of five children and has the responsibility of supporting his family and providing them with everything that they need. In spite of his difficult economic situation, and after much time, he has been able to get ahead in his business through the purchase of cattle to breed on his property. His greatest goal nowadays is to improve his economic situation and provide a better way of life for his family. It's for this reason that Ali applied for a loan for the purchase of animals to breed.
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.