Dashkin is 40 years old, married and has three children. He works as teacher in the local school. He has a small cow-house where he breeds calves. Because he does not have a specialized education, animal husbandry is the only source of income for his family. His salary is 100 USD and his monthly profit from business is 300 USD. Actually this is very low for his large family.
Dashkin buys calves on the market at a low price, feeds them and then resells on the same market at a more profitable price. He provides the market with meat and his family with the necessary food. Dashkin wants to buy young cattle and needs money, so he decided to apply for a loan of 1,000 AZN.
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.