Alim lives in the Sabirabad region. He is 29 years old, married, and has one baby daughter. He has been in the cattle-breeding business for two years. Alim buys cattle, cares for them for more than three months and sells them in the local market.
He want to buy more cattle to develop his business but he does not have enough money for it. That is why he requested the loan from Aqroinvest and Kiva. This is his first loan, and is for an amount of 600 AZN. He plans to buy two cattle. His dream is to have a better future for his family.
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.