Umudvar is a 55-year-old man who lives in a small village in the Imishli region with his wife and three children. He breeds cattle. He has 15 years of experience in this field. He usually buys small calves, raises and fattens them, and sells the meat for a profitable price in the Imishli livestock bazaar.
Cattle breeding requires a lot of physical activity and spending most of the time in the open air. Pasturing takes 80% of Umudvar`s time. His son also helps him to pasture and feed the animals.
Meat is a very popular product in Azerbaijan and people use it in most everyday dishes. Umudvar can’t serve his current market well because of insufficient numbers of cattle, however he would like to change the situation and purchase more cattle.
His monthly income is 300 AZN. Umudvar applied for a loan of 1,100 AZN to purchase three baby calves.
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.