Eynulla is 46 years old. He is married and has four children. He is the sole breadwinner for his family, and his only income comes from raising and selling sheep and large livestock at the local market. Every year he buys lambs and sheep from farms in adjacent villages. He raises them with the help of his sons and then sells sheep and furs to local butchers or in the livestock bazaar. His monthly income is about 300 USD.
Eynulla is thinking about expanding his business because the income from his present herd is not sufficient to provide for his family. He plans to purchase more sheep, lambs and fodder. To do so, he needs to invest an additional 1000 AZN in his business. We believe his 10 years of experience and deep knowledge of his business will bring him success.
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.