Polad B. is a 46-year-old married man who lives with his two children in Khoshchobanli village in southern Azerbaijan. Polad went into business in the year 2000, when he bought his first cow and buffalo. Polad carefully raised both animals, and today the cow produces generous amounts of milk. Now he has decided to expand his business and better provide for his family by buying one grown milk cow, one calf and enough fodder to feed the calf while it is growing up. Polad estimates that the cost of the cow is $700, the calf $300 and the fodder $200.
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.