Salim D. is from Sabirabad. He is a 40-year-old man living with his family. Salim grew up in a family of farmers. He got married when he was very young and soon became the father of two sons and one daughter. In order to provide a better life for his family, Salim started his business of cattle breeding. He has been practicing cattle breeding for ten years.
Now he earns about 400 AZN a month selling dairy and meat products in the local bazaar. This business is his main source of income. Salim is requesting this loan of 1500 AZN to buy three more cows, increasing his total number of cows to six. This is his first loan with AqroInvest and Kiva. The extra income from this loan will help improve his family's living conditions.
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.