Tural is a hard-working farmer because he knows that the only way he can support and provide for his loved ones is through hard work and dedication. He is married and has 2 children. Consequently, he leaves home every day at dawn to work on his farm and to look after his cattle. Tural sells mature livestock in the central bazaar once every 4-5 months. He also sells dairy products to the local people. This business provides only one source of financial income in Tural's family so he wishes to expand his business by purchasing calves and fodder for them. This is the reason that he is asking for a loan.
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.