Konul is a 31-year-old woman who has been breeding cattle for the last 5 years. She sells milk and dairy products to the local people. She is married and has one daughter. Konul is an IDP (internally displaced person) and lives in the Bilasuvr IDP Settlement. Her monthly income from milk and dairy product sales is 300 AZN. She would like to expand her business and purchase one dairy cow and cattle. Milk and other dairy products are the most popular products among Azerbaijani people and are in very high demand. Konul applied for 1000 AZN loan to cover market demand as well as to improve the life conditions of her family. She promises to pay back on time without any delays.
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.