Nazila is a 55-year-old, married woman, with one daughter. She breeds cows and cattle and sells milk and milk products, as well as cattle to local butchers for meat. Nazila has more than ten years of experience in this field, thanks to her father who taught her well how to look after cattle.
Nazila usually buys small cattle, raises and fattens them for five to six months, and resells them for a more profitable price in the local livestock bazaar. Milk and yogurt she sells to the neighbors. Milk and meat-selling brings AZN 150 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 to be very healthy and are also present in everyday life.
This is only one financial income. Nazila applied for a loan of AZN 1,000 to purchase one milk cow and fodder.
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.