Mammadali is a 34-year-old man, who has engaged in farming for the last six years. He is an Internally Displaced Person. He is married and has three sons. He grows pomegranates and seasonal vegetables and sells them in the local market. This is a profitable business, especially his pomegranates, which are popular not only in Azerbijan, but also in Russia. This product is in high demand.
His monthly income from his business is 200 AZN and this is the only financial income for his family. He has applied for a loan of 1500 AZN to purchase fertilizers and seeds as well as garden tools and to improve his irrigation system.
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.