Vuqar S. is a 39-year-old man who has been breeding sheep for the last 12 years. He is married and has four children.
Vuqar sells sheep in the livestock bazaar and to the local butchers. His monthly income is 250 Azerbaijani New Manat (AZN). He would like to increase his profit and improve the life of his family. For this purpose, he applied for a loan of 1000 AZN and will use it to purchase six sheep and one calf.
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.