Mehrali is a 36-year-old man on pension, married with three children. He is IDP and lives with his family in Bilasuvar IDP Settlement. He breeds cows and cattle and sells milk and milk products as well as cattle for meat purposes to local butchers. Mehrali has more than 5 years of experience in this field thanks to his father who taught the best methods for raising cattle.
Mehrali usually buys small cattle, raises and fattens them in 5-6 months, and resells them for a higher price in the local livestock bazaar. He sells milk and yoghurt to the neighbors. Selling milk and meat brings in 250 AZN per month. Milk and yoghurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes such as pilau and dolma and always use yoghurt souse. Dairy products are considered very healthy and are also present in everyday life.
Mehrali is the only worker in his family, and his income is not enough to cover the basic needs of his beloved children. Mehrali applied for 1200 AZN to purchase one dairy cow and fodder. This will be his third loan from AqroInvest. Mehrali 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.