Qaranfil Q. is a 30-year-old woman who keeps cows for milk and calves for meat production. She has six years of experience in this field. She is a school teacher in the local school and is married with two children.
Qaranfil started her business when her and her husband’s salary wasn’t enough to cover their children’s basic needs. Now she would like to expand her business and for this purpose she applied for a $1,500 loan to purchase three more calves for breeding. As summer is a high season for wedding parties she counts on selling fattened calves for higher prices. Qaranfil and her family are counting on you for help.
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.