Tahir is a 46-year-old married man with two children. Tahir has been breeding cattle for last 10 years. After several attempts to find a job he gave up and decided to start his own business. With the help of his wife, he purchased their first cattle.
Tahir usually buys small calves, raises and fattens them for 5-6 months and then resells them for more profitable prices in the livestock bazaar. His monthly income is 230 AZN. This business is the only source of financial income for his family.
Beef is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Tahir wants to expand his business and improve the living conditions for his family. He applied for 1000 AZN loan to purchase two heads of cattle and more 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.