Damirali D. is a 55-year-old farmer who keeps a cow and sells milk and yoghurt in a small village of Saatli region. He has more than ten years of experience in this business. He is married and has four children. Dairy products are in high demand all across Azerbaijan. Damirali decided to increase his income and has applied for $1100 USD. With this loan, he is going to purchase two baby calves for $200 USD and two calves for an estimated cost of $300 USD each and fodder for the rest 100 USD.
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.