Hokume is fifty-four years old married woman with six children. Hokume has bred cattle and cows for the last ten years. Her husband is builder of houses, and his work is not permanent, hence his earnings are not enough to maintain the family.
Hokume usually buys small calves, raises and fattens them for 5-6 months and then resells them for more profitable price in the livestock bazaar. Her monthly income is 100 AZN; this business is only one of the sources of income for her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.
She wants to expand her business and improve the living conditions of her family. She has applied for a 1,200 AZN loan to purchase a calf and a milker cow. This will be her second loan and she has 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.