Elshad Q. is 35-year-old farmer who owns a sheep herd and lives with his three children and wife in small Otuziki village in the southern part of Azerbaijan, in the Saatli region. Elshad has seven years of experience in sheep breeding and mutton selling to the local and capital traders. Elhsad`s business going very well because mutton is in high demand all across Azerbaijan and people eat fresh meat at home and cafes. Elshad decided to expand his business and purchase one milk cow and seven sheep. The estimated cost for cow is $700-800 USD and for one sheep is $60-70 USD.
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.