Shaiq A. is a 46-year-old family man. He is father to one son and two daughters who attend school. Shaiq lives with his family in the Marzali village, Imishli region. He is a hard-working man who makes a living breeding cattle and selling meat and dairy. He has been involved in this business since 2005 and his father helps him in it.
This is Shaiq’s second loan from Aqroinvest. He successfully repaid his first loan. Shaiq used the loan of 1000 AZN to buy one cow. Now he has two cows but after repaying this loan he would like to take out another loan to buy four more cows. Shaiq is very thankful to Aqroinvest and KIVA for the opportunity to expand his business so his family can make a better living.
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.