Elman N. is 38 years old, married and has three children. From the time he was young, Elman was learning to work in the small business of cattle breeding. After he married, he continued working in the same business, watching the business grow as a result of his sacrifices, and seeing his family progressing more and more. He sells cattle in the livestock bazaar once every two months. His hope is to continue growing and improving his business to offer a better future for his children. Elman is asking for a loan of 1,000 AZN, which will allow him to buy additional livestock.
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.