Sabir M. is a married, 54-year-old man. He lives in the village of Sarkhanli in the region of Imishli. Sabir has two sons and one daughter. He started his cattle-breeding business in 2004 with the help of his wife.
This is the first loan Sabir received from Aqroinvest and KİVA. He plans to use this loan of 2000 AZN to purchase one cow and build a stable for the three cows he now owns. He sells dairy and meat produced in his cattle-breeding business in the Imishli bazaar. This is his only source of income.
Sabir is a hard-working and honest man. After repaying this loan Sabir plans to expand his business by taking out another loan and buying eight more cows.
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.