Makhizar S., age 58, works with her husband and sons, purchasing and reselling sheep. She and her husband have two children. Makhizar would like to request a loan of 700 AZN in order to purchase additional animals to increase her inventory and meet customer demands. She believes this will lead to greater revenue and, ultimately, greater profit for her family.
In the future, Makhizar would like to reinvest the earnings generated by this loan back into her business to purchase more sheep and increase her income further. She and her husband plan to use the increased income to fund the renovation of their house.
She deeply appreciates the trust and support you are giving her.
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.