Taleh is a 21 year-old man who lives with his wife and parents. He is a cattle breeder and has 6 years of experience in this field. Taleh chose this particular activity because meat is in very high demand in Azerbaijan and most of the national dishes, like dolma and pilau, are made of meat.
Taleh usually buys small calves in the central bazaar, fattens and raises them for 5-6 months. Then he resells the grown cattle for a more profitable price to market vendors and butchers. His father helps to look after the animals and to feed them. He also breeds buffalo, because buffalo`s milk and yoghurt is rare product and consider as delicacy. His monthly income is 250 AZN.
Demand in fresh meat is very high and Taleh would like to cover demand of his permanent clients. For this purpose he applied for 1500 AZN. He will use the loan to buy three calves and one milk cow. This will be his second loan.
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.