Rasif is 41 years old, a married man with five children. He breeds cattle and sells them for meat purposes to local butchers. Rasif has 10 years of experience in this field, thanks to his father who taught him the best way to look after cattle. Hard life conditions and unemployment pushed him to start his own business.
Rasif usually buys calves and raises and fattens them over five to six months. Then he resells them for a profit at the local livestock bazaar. Meat selling brings him 500 AZN in income per month. People use beef in everyday national dishes as 'pilau' and 'dolma' and always use yogurt sauce.
This is the only income in Rasif's family and not enough to cover the basic needs of his beloved children. Rasif applied for a loan of 2000 AZN to purchase three baby calves, one cow and fodder. This will be his third loan and Rasif has a very positive 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.