He purchases calves in the central livestock market and raises them. After fattening the animals, he resells them for a profitable price in a livestock bazaar. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.
His business requires a lot of physical strength, as Adalat spends most of his time in the open air. His wife helps him to feed the animals.
His monthly income is 150 AZN and Adalat wishes to increase it. As meat is in high demand, he needs more capital to put to his business and cover the market. For this purpose, he applied for 1500 AZN. He will use the loan to buy two cattle, one milkier cow and fodder. This will be his second loan and he has a good client history.
About AqroinvestAqroinvest 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.
You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.
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