Ali is 55 years old, married and has 6 sons! He works in animal-husbandry. He has cattle and sheep. He purchases the cattle in the local market and then he breeds and sells them. The cattle are kept in the house and it takes a lot of effort to care for them. Every day, Ali gets up early in the morning to feed his animals and all day, until late at night, he is busy looking after the cattle.
He provides the markets with meat and his family with the necessary food. Ali wants to buy young cattle and needs money so he decided to apply for a loan of 1500 AZN. Ali has already demonstrated himself to be a good client with a positive credit history with three previous loans.
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.