Kamal M. is a 22-year-old farmer who sells pomegranates in his own village Varkhankend in the Imishli region of Azerbijan. He lives with his old parents. Kamal has two years of experience raising pomegranates and selling them to the local bazaar traders. Azerbaijan's climate is quite optimal for pomegranate tree growing, the average tree growing in 6-12 months. It starts to give fruit within a period of 8-14 months. Kamal has more than fifteen pomegranates trees in his garden. He gathers crops in the autumn and with the money from selling them he covers his family needs for the next three seasons. The conditions are hard but Kamal also has his small garden where he raises vegetables like potatoes and onions which he uses for food during the winter and spring.
Kamal is going to develop his business and start raising potatoes and onion for selling. He has enough experience in this field and for this purpose he applied for 1200 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.