Ilqar A. is a 47-year-old man who is engaged in farming and has been doing this for the last ten years. He is married and has four children.
Ilqar also is a tractor operator but his main income comes from his farming business. His monthly income is 200-300 AZN but this is too low for such a big family. He applied for 800 AZN and he will use this loan to improve the irrigation system of his garden and to purchase two calves.
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.