Zakir is 42 years old and married with two children. He is an IDP (internally displaced person) and lives with his family in Bilasuvar IDP Settlement. He breeds cows and cattle and sells milk and milk products as well as cattle for meat purposes to local butchers. Zakir has more than 20 years of experience in this field, thanks to his father who taught him the best way to look after cattle.
Zakir usually buys small cattle, raises and fattens them in 5-6 months and resells them for a more profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Milk and meat selling brings 300 AZN income per month. Milk and yoghurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma and always use yoghurt sauce. Milk products are considered as very healthy and are present in everyday life.
This is only one souce of financial income in his family and not enough to cover the basic needs of his beloved children. Zakir applied for a loan of 1,500 AZN to purchase three cattle, one milkier cow and fodder. This will be his fifth loan from AqroInvest and Zakir has a good client history.
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.