Mahammad A. is a 51-year-old man who raises cows and sells milk and yoghurt to the local bazaar traders. He is married and has four children. They live together in the small village of Saatli region. Mahammad would like to expand his business and start breeding calves, because meat is in very high demand in Azerbaijan, and people eat meat almost every day. For this purpose, he applied for $1200 USD, With this loan, he will purchase four calves for $300 USD each.
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.