Ibrahim is 49 years old, married and has three children. For the last nine years, he has earned a living by breeding cattle -- buying small animals, fattening them up and then selling them in a local livestock bazaar for higher price. His brother helps him run this business, and he earns a monthly income of about 150 AZN. Ibrahim is a good client with a positive credit history at AqroInvest and Kiva, and is applying for a new loan to buy two additional calves.
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.