Nasir J. is a 47-year-old farmer who breeds cattle in the small village of Sabirabad since 2004. He is married and has three children. He buys small calves, raises them and sells them in the livestock bazaar or to local butchers. Nasir's son helps him in raising cattle.
Nasir would like to increase the number of cattle and purchase more. This will allow him to increase his income and improve the life of his family. Cattle raising is the only financial source in his family and he promises to repay on time.
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.