Khasa is a 53-year-old from Imishli. She has 3 children. Khasa has been raising cattle for the past 20 years. She says this is a very difficult job. Taking care of animals is a continuous effort, but her brother is helping her to raise the cattle, fatten them and sell them in the market. Khasa has 5 daughters and believes she must work very hard in order to help with her daughters’ weddings.
Khasa usually buys cattle, raises them, fattens and sells them in the central bazaar. Her monthly income is about 250 AZN. This is the only income source for the family. She plans to expand the business in order to bring more funds into the family. Selling meat is a very profitable business in Azerbaijan, due to its frequent use in everyday meals.
Khasa is applying for a loan of 2,000 AZN in order to buy 4 calves and 2 cows. This is going to be her first loan with Aqroinvest. She believes this loan will have a positive impact on the expansion of her business.
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.