Rasim is 51, married, and has one son. He breeds beef cattle, which he sells for meat, and cows, which he uses for milk and milk products. He has ten years of experience in this field and is a knowledgeable and skilled person.
Rasim usually buys small calves, raises and fattens them, and resells them in the livestock bazaar for meat. 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 the winter. However, Rasim is not alone in his business - his father helps to pasture and feed the animals.
Meat and milk products are very popular products in Azerbaijan. People drink fresh milk and homemade yoghurt everyday and consider it very healthy. Every national dish contains meat, such as pilau and dolma.
Rasim's monthly profit is 120 AZN. He wishes to expand his business in order to improve life for his family. So, he has applied for a loan of 1,800 AZN. He will use this loan to purchase one dairy cow, two beef cattle, and fodder. This will be his fourth loan and he has a good 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.