Tahir S. is 55 years old. He is married and has four children. Tahir is the sole breadwinner for his family and his only income comes from raising sheep and selling them at the local market. Every year he buys lambs from the farms in adjacent villages. He raises them with the help of his wife and then sells the adult sheep to local butchers.
People in Azerbaijan uses mutton in everyday life and this business is very profitable, especially if you can cover high demand. Tahir is thinking about expanding his business, since the income from his present herd isn't enough to provide for his family and cover needs of his clients. He plans to purchase additional sheep and lambs; to do this, he needs to invest an additional 1000 AZN in his 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.