Teyfa is a 34-year-old woman. She is divorced and raising two children. She is an IDP and lives with her family in a Bilasuvar IDP Settlement. She breeds cows and calves and then sells the milk and milk products, as well as cattle meat to the local butchers. She also raises sheep for meat. Teyfa has more than 10 years of experience in this field, thanks to her father, who taught her the best way to look after cattle.
Teyfa usually buys calves, raises them, and fattens them. After 5-6 months, she sells them for a more profitable price at a local livestock bazaar. She sells milk and yoghurt to her neighbors. Selling the milk and meat brings in 220 AZN per month. Milk and yoghurt, as well as beef and mutton, are very popular products in Azerbaijan. People use meat in everyday national dishes like pilau and dolmas, and they always use a yoghurt-based sauce. Milk products are considered to be very healthy and are also present in everyday life. Her brother helps her to run the business.
This is the only source of income for her family, and it is not enough to cover the basic needs of her beloved children. Teyfa applied for a 1,000 AZN loan to purchase one calf and one cow. This will be her second 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.