Safayat is 57 years old, and she is a very responsible and hard-working woman. She is married and has four children. She has been breeding poultry for the last 10 years. Her husband and she are on pensions, and her business is the only source of income in her family. Her husband helps Safayat to look after the poultry.
Poultry meat is very popular among local people, and many national dishes are made out of chicken and turkey. People use different kinds of poultry in different seasons. In the autumn and winter, people use goose and turkey, and in the spring and summer, people only use chicken. Safayat's income each month is 300 AZN.
She would like to increase her number of poultry to raise, and for this purpose, she applied for a 1500 AZN loan. She is going to buy more chicken and sell them at a profitable price, and hence, increase her profit. This will be her third loan, and she has a good client 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.