Ikram is a 47-year-old married man with three sons. He is a poultry breeder and has 10 years of experience breeding chickens, geese and turkeys. His wife is a school teacher and this business brings a stable financial income to Ikram's family. His son helps him to look after the poultry.
Each poultry has its season. For instance, people in Azerbaijan eat chicken the whole year, while goose meat is very popular in winter, and turkey during spring and autumn. Ikram usually sells poultry in the cental bazaar and his monthly income is 200 AZN.
Ikram applied for 1500 AZN to purchase more poultry to cover demand from his current customers and gain new ones. This will be his second loan and he has a positive 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.