Nadir is 33, married with two sons. He has six years of experience in cattle breeding. He usually buys small calves, fattens them and sells for meat purposes in next 5-6 months. His monthly income is 300 AZN. Meat is in very high demand in Azerbiajan, and people here use meat in everyday cuisine. Nadir applied for 1300 AZN to purchase four calves and fodder. This will be his 2nd loan and he has a good credit history.
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.