Taleh is a 28-year-old young man. He is single and lives with his parents. He breeds cattle and has five years of experience in this field.
Cattle breeding requires a lot of physical activity and spending most of the time in the open air. Pasturing takes 80% of Taleh's time. He usually buys small calves, raises and fattens them for 5-6 months and then resells them for more a profitable price in the livestock bazaar. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Taleh's monthly income is 230 AZN and this business is only one source of financial income for his family.
Taleh would like to purchase more cattle and for this purpose he has applied for 1000 AZN. He needs this loan to increase his monthly turnover and cover the needs of his customers.
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.