Oktay is a 43-year-old man. He is married with one son. He breeds cattle and sells them to local butchers. Oktay has 9 years of experience in this field, thanks to his father who taught him how to look after cattle.
Oktay usually buys small cattle, raises and fattens them in 5-6 months and resells them for a more profitable price at the local livestock bazaar. Meat selling brings an income of 350 AZN per month. People use beef in everyday national dishes such as Pilau and Dolma.
This is only income for his family and is not enough to cover the basic needs of his beloved children. Oktay applied for 1500 AZN to purchase four cattle. This will be his third loan with AqroInvest and he has good client 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.