Zahir A. is 37 years old. He is a farmer who has been breeding sheep for the last three years. He sells them to the local butchers. Zahir is married and has two children. He lives and works in Imishli city where the main livestock bazaar is located so he does not need to go a long way to sell his sheep. He usually sells sheep to the local butchers and to the restaurants, as mutton is very popular among Azerbaijani people. Zahir is going to develop his business. He applied for a loan of 1,000 AZN in order to purchase 14 sheep and fodder.
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.