Sadiq is friendly and hardworking man of 39. He is married and has two daughters. He is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He breeds cattle and has 10 years of experience in this field. Sadiq gets financial support from the government, but 100 AZN is too small an amount to cover his family's needs.
Cattle breeding requires a lot of physical activity and spending most of the time in the open air. Pasturing takes 80% of Sadiq's time. He usually buys small calves and then raises and fattens them for 5-6 months and resells them for a profit in the livestock bazaar. His monthly income is 120 AZN, and this business is the only source of income in his family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma.
Sadiq would like to purchase more cattle, and for this purpose he has applied for a loan of 1,000 AZN. He needs this loan to increase monthly turnover and cover the needs of customers.
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.