Aliseyran is a 55-year-old man who has lived all his life in Agsu, where he works as a farmer. He has two sons and two daughters, all of whom are married.
Aliseyran has an animal breeding business. This range of activities allows him to earn enough money to feed his large family. He requested a loan of 1000 Azerbaijan new manat (AZN) so that he can buy 10 sheep to fatten and resell at the local market in winter. Aliseyran dreams to provide the best living conditions for his children.
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.