Rafayil is only 23 years old, but already has 10 years of experience in cattle breeding. From a very young age, he helped his father look after their herd of cattle by taking them out to pasture and making sure that they were fed. Now he has his own herd and earns an income of 300 AZN a month. He would like to expand his business so that he can one day build his own house. To make that possible, he is applying for a loan for 1,100 AZN to buy three new cows and fodder for them to eat.
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.