Agaqadir M. is a 48-year-old man who sells honey in the small village of Agsu. He started his business when he was 20, continuing his family business. It is very hard and dangerous work but Agaqadir adores his bees and his job in general.
As it is the only one source of income for his family, Agaqadir makes the best honey in his village. He is married and has three sons and dreams to provide his all sons with higher education. Agaqadir has a good income from honey sales because this product is very popular among Azerbaijani people.
Agaqadir applied for a $1500 loan in order to improve his bee keeping conditions and purchase new beehives.
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.