Fatima H. is 55-year-old married woman who owns her small business in the southern part of Azerbaijan, Bilasuvar region. She an is internally displaced person from occupied Jabrail region who fled to Bilasuvar during the Azerbaijani-Armenian conflict in 1993. Fatima started her business in 1994. She purchased her first calf, raised it and sold for a higher price. Fatima used to have a milking cow also and she sold dairy products such as milk and yoghurt to the local people But the cow become ill and passed away. Recently Fatima purchased one calf, which soon will grow up to be a milking cow.
Fatima has large family, two sons and one daughter. The level of their life is hard to call even normal. They are close to misery. Fatima is trying to find ways to change the situation and one decision was apply for a loan and expand her business. She applied for 800 USD with repayment term of 15 months to purchase three calves; two baby calves each for 250 USD and one middle size calf for 300 USD.
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.