Vidadi is a 56-year-old man, married with four children. He breeds cattle and sells the meat to local butchers. Vidadi has more than 10 years of experience in this field, thanks to his father who taught him how to look after cattle.
Vidadi usually buys small cattle, raises and fattens them for 5-6 months and resells them for more profitable price at the local livestock bazaar. In addition, meat selling brings in 400 AZN income per month for Vidadi. His brother helps him to graze cattle and look after them. People use beef in everyday national dishes as pilau and dolma and always use yoghurt sauce.
There is only one income in his family and it is not enough to cover the basic needs of his beloved children. Vidadi applied for 1000 AZN to purchase three baby calves. This will be his second loan and he has a 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.