Tahmina is a 37-year-old married woman with three children. She is an IDP and lives in a Bilasuvar IDP Settlement. Tahmina has been breeding cattle and cows for the last 12 years. She was a housewife, and her husband is unemployed. Her business helps to cover her family's needs.
Tahmina usually buys small calves, raises them, fattens them for 5-6 months, and sells them at a more profitable price at a livestock bazaar. Her monthly income is 180 AZN, and this business is the only source of income for her family. Meat is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma. Tahmina also keeps cows for personal use and for selling to neighbors.
She wants to expand her business and improve the living conditions of her family. She applied for a 1,500 AZN loan to purchase two calves, one cow, and fodder. This will be her fourth loan, and she has a good credit 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.