A. Qarash is 26-yers-old young man who runs his business consisting of raising sheep. Qarash lives with his wife and two sons in the southern part of Azerbaijan, Bilasuvar region. He is internally displaced person from occupied Jabrail region who fled to Bilasuvar during the Azerbaijani-Armenian conflict in 1993. He started his business in 2002 and for the first loan he borrowed from his friends he purchase two baby sheep. As they raised he paid back the debts and to the rest of money he purchased more animals. Currently Qarash has a herd of ten sheep. The mutton is in very high demand in Azerbaijan. Most of traditional meals consist of mutton. As Qarash children grow up and prices are getting higher every year, the only one income is not enough to feed enough and cover family needs in the normal level. Nevember and December are high season months for weddings in Azerbaijan and meat at this are in high demand. Qarash decided to expand his business and increase number of sheep to 10. The estimated cost for one sheep is 60 USD the reast 200 USD he will spend on fodder. For this purpose he applied for 800 USD with repayment term 15 month.
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.