Vafa is a 33 year old married woman with three children. She is IDP and lives in Bilasuvar IDP Settlement. Vafa has been breeding cattle and cows for the last two years. She was a housewife and her husband`s salary was too low to cover her family's needs and so Sara decided to purchase her first cow.
Vafa usually buys small calves, raises and fatten them for 5-6 months, and then resells them for a more profitable price in the livestock bazaar. Her monthly income is 260 AZN and this business is the only source of financial income for her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Vafa also keeps milkier cows for personal use and for sales to neighbors.
She wants to expand her business and improve the life conditions of her family. She has applied for a 500 AZN loan to purchase two 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.