Ali M. is a 53 year old farmer who breeds sheep in the small village of Saatli located in the southern part of Azerbaijan. Ali is married and lives with his parents in one house. Ali started his business in 1985. He chose this type of business because it is very beneficial and brings permanent income to his family.
Ali applied for a 1500 USD loan to purchase 15 sheep at the price of 100 USD each.
Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.