Tezgul is a 46-year-old woman who owns livestock for breeding in the southern village of the Saatli region. She is married and has 5 children. She has more than 10 years experience in animal breeding. She loves her business, because she is certain that she can always sell her products. The reason for her confidence is because meat is in very high demand in Azerbaijan. Azerbaijani people eat meat almost every day. As she and her husband are unemployed, calf sales is the only financial source for her family. Tezgul works very hard to keep her family in good conditions, however, it is very hard when you have a big family and the prices for products increase almost every day. To improve her economic condition, she needs more funds to expand her business. So she decided to apply for a 1200 USD loan to purchase four calves for an estimated cost 300 USD each.
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.