Arastun K. lives in the Imishli district. He is a 30-year-old married man who has one son and one daughter, ages 5 and 2. Arastun has been engaged in a cattle-breeding business for over 4 years. In the past he was the main helper of his father, who is a farmer. Arastun was married in 2004 and decided to start his own business at that time.
He requested a loan in the amount of 2,000 AZN to purchase three more cows to raise and sell. This is his first loan through AqroInvest and Kiva. Arastun is very thankful because the income from this loan allowed him to increase the monthly income of his family up to 300 AZN. He plans to purchase at least ten more dairy cows in the next three years.
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.