Sevda is 50 years old and married with three children. Sevda has bred cattle and cows for the last 10 years. She was a housewife and her husband was unemployed when Sevda decided to purchase her first cow.
Sevda usually buys small calves, raises and fattens them for 5-6 months and then sells them for a profitable price in the livestock bazaar. Her monthly income is 150 AZN and this business is only one source of financial income in her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Sevda also keeps milk cows for personal use and for selling to neighbors.
She wants to expand her business and improve life conditions of her family. She applied for a 1,000 AZN loan to purchase one head of cattle, one milk cow and fodder.
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.