Vusala is a 27 year-old woman who is married with three children. She is an Internally Displaced Person (IDP) and lives with her family in Bilasuvar IDP Settlement. She breeds sheep and sells them for meat purposes to local butchers and as fur.
Vusala has more than five years of experience in this field, thanks to her father who taught her the best way to look after sheep. Her husband works as a builder and receives 80 AZN salary which is too low to support the family.
Vusala usually buys lambs which she raises and fattens for 4-5 months. She then resells them for a profit in the local livestock bazaar. People use meat in everyday national dishes such as pilau and dolma and always use yogurt sauce. Her monthly income is 100 AZN.
This is main financial income in her family and not enough to cover basic needs of her beloved children. Vusala applied for a loan of 1200 AZN in order to purchase 10 sheep and fodder. 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.