Afras A. has a great passion for breeding sheep and has been in this business for thirteen years. He is 36 years old and married, with two children. Afras would like to expand his business by adding more sheep to his herd. This is because he recently acquired out-of-town orders to supply mutton. Afras is requesting a loan of 1,600 AZN in order to buy twelve sheep and fodder. With additional income, Afras will be better able to meet his family's financial needs and especially to provide for the education of his children.
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.