Dilshad is a 48-year-old woman, a widow, bringing up one daughter, alone. She breeds sheep and cattle for meat purposes, for local butchers. Dilshad has ten years of experience in this field, thanks to her husband, who taught her the best way to look after cattle.
Dilshad usually buys small cattle and sheep, raises and fattens them for five or six months, and resells them for a more profitable price in the local livestock bazaar.
Meat-selling brings AZN 120 income per month. Beef and mutton are very popular products in Azerbaijan. People use meat in everyday national dishes, such as pilau and dolma, and always use yoghurt souse. Also, Dilshad sells sheep's wool which is useful for clothes and blankets.
Dilshad applied for a loan of AZN 1000 to purchase one cattle and five sheep. This will be her second loan and she has a good client history.
Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.