Sevindik is a caring and self-sacrificing father of 44 years old. Ever since he was very young, he has been around people who make a living by raising animals – and thanks to this knowledge, he has dedicated himself to raising and selling cattle, a skill that he learned from his parents. With experience gained over time from buying and selling these animals, he has been able to bring stability to his family. His monthly profit from animals is $240 USD. Now he would like to increase his supply of capital in order to acquire more cattle. To make this possible, he has applied for a loan of 1,000 AZN to buy more cattle, and thereby increase the wellbeing and security of his family.
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.