Valida is a 44 years old married woman with three children. She is an IDP and lives in Bilasuvar IDP Settlement. Valida has bred cattle and cows for past 10 years. She also works as a cleaner in the local school and her husband is unemployed. Her business helps to cover family need.
Valida usually buys small calves, raise and fatten them for 5-6 months and then resells them for a prof in the livestock bazaar. Her monthly income is 120 AZN. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Valida also keeps milk 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 1000 AZN loan to purchase one baby calve, one milk cow and fodder. This will be her 2nd 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.