Azer is a 37-year-old man who has been engaged in livestock breeding for the last six years. He buys calves, raises and fattens them, and then resells grown cattle in the central Bilasuvar bazaar. His monthly profit is about $150 and he wishes to increase it to $300. He would like to purchase more livestock, and for this purpose, he needs a 1,000 Azerbaijani New Manat (AZN) loan. Azer promises to pay it back in an accurate manner.
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.