Feride N. is a 55 year old woman who breeds cattle in the small village of Saatli. She is married and has three children. Feride applied for 1000 AZN in order to purchase more cattle and sheep. Her primary customers are local butchers. Once a month her husband takes animals for sale to the livestock bazaar. Feride wishes to improve her life conditions and to increase her income with this loan.
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.