Kazim is a 58-year-old married man with four children. He is a farmer and has been raising wheat and corn for the last eight years, since he is on a pension. He chose this business because it is profitable and fresh crops are in high demand. Raising wheat and corn takes a lot of effort and water.
These products are very expensive. People use fresh wheat for making flour, and corn as a fresh and very healthy vegetable. Azerbaijani people boil it for hours and eat it with salt.
Kazim sells his crops in the central bazaar. His monthly income is 300 AZN. His son actively helps him to raise the crops.
As these products are in high demand, Kazim wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose, he applied for 1,500 AZN. He will buy new garden tools and special organic fertilizers.
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.