Arzuman is a 57 year old man living in the town of Agsu, Azerbaijan. He earns about $200 per month selling the milk produced by his cows. He has requested a loan of 1000 AZN to purchase two dairy cows and expand his business. This will be his first loan with Aqroinvest. Arzuman's plan is to use any remaining funds from the loan to purchase food for his chickens and cows.
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.