Mahir I. is 51 years old and he makes a living buying and selling livestock. He's married with three children. Over the years, he has become very knowledgeable about what is required to raise cattle, their feeding, their calving, etc. He sells cattle to the local farmers and butchers. His monthly income ranges between about $315 and $415.
Now Mahir has applied for 1,000 AZN in order to purchase more cattle and increase his income. The loan will greatly improve Mahir’s income and his family's standard of living.
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.