Salminaz T. is a 44-year-old woman who sells calves for meat production. She has six years of experience in this field. She lives with her husband and three children in a small village in the Saatli region. As Salminaz and her husband are unemployed, selling calves to the local bazaar traders for meat is the only financial source for such a big family. She decided to purchase additional calves to improve the conditions of her family. For this purpose she applied for a loan of $1100 to purchase three calves for $300 each and fodder for $200.
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.