Azad A. is a 50-year-old man who has raised cattle for the last three years. He is married and has four children. He buys cattle for a profitable price, fattens them and sells to the local butchers or takes them once a week to the livestock bazaar. His monthly income is about 300-400 AZN and he is on the way to increase it to 500 AZN.
As soon as he successfully finished his first loan from Kiva he applied for a new one. He promises to pay it back as well as he did the first one.
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.