Guloglan is 36 years old and married with two sons. He breeds cattle and sells them for meat purposes. He also breeds cows and sells milk and milk products. He has five years of experience, which makes him a knowledgeable and skilled person.
He usually buys small calves, raises and fattens them and then resells them in the livestock bazaar for meat purposes. Looking after cattle is hard and requires spending a lot of time in the open air. The climate is very severe. It is very hot in the summer and very cold in winter. However, Guloglan is not alone in his business. His wife helps to pasture and feed the animals.
Meat and milk products are most popular products in Azerbaijan. People drink fresh milk and homemade yoghurt everyday and consider it very healthy. Every national dish consists of meat like pilau and dolma.
His monthly profit is 320 AZN. He wishes to expand his business to improve the life of his family. For this purpose, he applied for a loan of 1,800 AZN. He will use this loan to purchase two cattle and fodder. He has already demonstrated himself 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.