Namiq is a 30-year-old man who is married and has two daughters. He is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He breeds cows and cattle and sells milk and milk products as well as cattle for meat purposes to local butchers. Namiq has six years of experience in this field thanks to his father, who taught him the best ways to look after cattle. He receives 60 AZN financial support from the government monthly, but this is too low to cover family needs.
Namiq usually buys small cattle, raises and fattens them for five to six months, and then resells them at a profit in the local livestock bazaar. He sells milk and yogurt to his neighbors. Milk and meat selling brings in 150 AZN income per month. Milk and yogurt, 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 yogurt sauce. Milk products are considered very healthy and are also present in everyday life.
This is his family's only source of income and is not enough to cover the basic needs of his beloved children. Namiq applied for a 2200 AZN loan to purchase three cattle and two milking 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.