Elbrus K. is a good father, hard working, and steadfast in his endeavors as a farmer and in raising animals. Thanks to his wife’s assistance, he is able to care for and feed the animals which he later sells at both fairs and marketplaces in nearby towns. Traveling to nearby towns increases his costs, but that is offset by the higher asking price he gets there.
For this reason, Elbrus and his wife take care to feed them properly in order to bring in more profit. They would now like to increase the number of sheep. In order to buy sheep he needs a loan of 1,606 AZN and promises to be responsible and prompt in repaying it.
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.