The business activity from which Ilyas A. makes a living is the breeding of livestock. He started this business 9 years ago with a small number of livestock. As his business has developed, he has acquired greater quantities of animals for their eventual sale and he has gained from their derivatives.
According to Ilyas, he works very hard so that he can take care of his children and his profit is 350-500 AZN. For that reason, he is always looking for a way to improve his family's living conditions. Currently, he needs a loan of 1000 AZN in order to purchase more cattle to later resell, after breeding them. This will allow him to fully meet the needs of his family.
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.