Tahir B. is a 56-year-old farmer who raises seasonal fruits and vegetables in the small village of Sabirabad. He has raised crops since 2005 and all the members of his large family help him. Tahir has three children.
Tahir usually sells crops in the central bazaar or to local traders. He would like to produce a new type of apple for next season and he needs good seeds and fertilizer. That is what he is going to buy with his loan.
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.