Vafa is 36 years old and married with four sons. She is an internally displayed person who lives in Bilasuvar, an IDP settlement. Vafa has bred cattle and cows for the last 13 years. Her husband is a builder and his job is not permanent.
Vafa usually buys small calves, which she raises and fattens for five to six months and then resells for a more profitable price in the livestock bazaar. Her monthly income is 180 AZN. This business is only one source of financial income in her family. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Zeynab also keeps milk cows for personal use and for selling to neighbors.
Vafa wants to expand her business and improve the living conditions of her family. She has applied for a 1700 AZN loan to purchase three cattle, one milk cow and fodder. This will be her second loan and she has 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.