Yaqub is 60 years old. He is married and has 2 children. Yaqub is the sole breadwinner and his only income comes from the cultivation and sale of large livestock at the local market. Every year, he buys young heifers and sheep from the farms in adjacent villages. He raises them with the help of his wife and then sells the adult cows and bulls to local butchers. His monthly profit is 250 USD. Yaqub would like to expand his business, as the income from his existing herd isn't enough to provide for his family. He plans to purchase additional young cattle and sheep. To do this, he needs to invest an additional 1000 AZN in his business.
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.