Telli is 56 years old and widowed with seven children. Telli is an IDP (internally displaced person) and lives in Bilasuvar IDP Settlement. Telli has been breeding cattle and cows for the last four years. When she retired, she was left without her daily bread, as her pension is only 100 AZN. She decided to start her business and with the help of her husband, they purchase their first cattle.
Telli usually buys small calves, raises and fattens them for 5-6 months, and then resells them for a profitable price in the livestock bazaar. Telli`s monthly income is 200 AZN. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.
She would like to purchase more cattle and a cow and increase the turnover of business. For this purpose, she applied for 1500 AZN. She will buy three cattle, one milk cow and fodder. She has already demonstrated herself as a good client with a positive credit 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.