Afqan is 45 years old and married man. He is an Internally Displaced Person (IDP). He has two sons and one daughter. Afqan's wife is a housekeeper. He has been raising cattle for the last 15 years. He says this is a very difficult job. Taking care of animals is a continuous effort. Afqan usually buys cattle, raises them, fattens them and sells them in the central bazaar. His monthly income is 80 Azerbaijani manats (AZN). This is the only source of financial income for the family.
Afqan 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 large use every day. Afqan is applying for a loan of 2000 AZN in order to buy more calves. He believes this loan will have a positive impact on the expansion of his business. This is his fourth loan and he has a very 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.