Khaliq K. is a 58-year-old farmer who has bred sheep and calves in the small village of Imishli region since 1998. He is married and has 4 sons and 2 daughters. He is going to develop his business and, for this purpose, he has applied for $1200 USD. With this loan, he is going to purchase 3 calves for $400 USD each.
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.