Rza is a 56-year-old man who has been in the business of animal sales for the last 10 years. Rza breeds cattle and sheep for meat; he also sells milk and dairy products. Rza`s monthly income is about 150 USD. He would like to expand his business and purchase more cattle and sheep. Meat is in very high demand among Azerbaijani people, especially in the summer when there are a lot of wedding parties. Rza would like to take this chance to purchase as many animals as he can. This will be Rza's fourth loan from AqroInvest.
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.