Khanlar has been selling dairy products, including milk, butter and yogurt, for five years. He started his business with money his parents saved for him. He began with one calf, which is now a full-grown cow. This cow has produced enough dairy products to allow him to buy a second cow. Khanlar would like to continue to expand his business because dairy products are in high demand all across Azerbaijan -- particularly in Baku, the capital, whose traders come Bilasuvar to purchase dairy products.
To meet his goal, Khanlar has come to us for a loan to buy one milk cow and two calves. He estimates that one cow will cost $700-800, and the calves will cost $200-250 each.
About AqroinvestAqroinvest 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.
You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.
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