Zuleykha A. is a 56-year-old woman. She is married and the mother of one son and two daughters, who are adults. The main source of income for the family comes from a cattle breeding business which Zuleykha has been in since her youth. Zuleykha is very grateful, because her first loan allowed her to increase her cattle breeding business. She has successfully repaid a previous loan of $1200 US from Aqroinvest and Kiva which was used to purchase livestock to raise and sell. Zuleykha and her family are very thankful for the support.
In January, 2011, Zuleykha requested a new loan of 2,000 Azerbaijani manats (AZN), which was used to purchase four cows and fodder. This is her second loan. Now the monthly income of her family is around 500 AZN. Zuleykha also has four sheep on her farm for family use. She and her husband are very diligent persons and they further plan to buy 10 hectares of land to expand their cattle breeding business.
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.