Musruf C., 46, is a farmer who has a small herd of sheep. He has 40 sheep and runs this business for the last four years. The business is very profitable and generates a stable income for his family. Musruf is married and has four children. Sheep breeding is the only financial source for his family. He is not alone in his business, as his brother also helps him in looking after the animals. He sells sheep to the local butchers or as meat. The mutton is very popular among Azerbaijani people and Musruf is going to expand his business and purchase more sheep. For this purpose, he applied for a 1,000 AZN loan to buy 20 sheep.
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.