Saci is a married 22-year-old young woman who lives in the region of Bilasuvar of southern Azerbaijan. Her husband is a farmer, but his income was not enough to cover all the needs of a four person family. Their primary dream is for their two children to be able to study.
In 2008 Saci decided to help her husband to earn money for their family. She began a cattle-breeding business. Saci requested a loan of 1,300 AZN for the first time from AqroInvest and Kiva. With this loan, she bought three more cows to expand her business. Her goal for the future is to breed 10 more cows.
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.