Ramiz is a 45-year-old married man with two sons. For eight years, he has raised cattle, fattening and selling them. His wife is a housewife who helps her husband in this business because this is only income for his family.
Ramiz sells meat at the bazaar. There is a high demand for meat in Azerbaijan, because it is used in a lot of meals, such as kufta (soup), kababs, and dolma. His income from this business is 150 AZN per month. In order to fully support the family, Ramiz is looking forward to expanding the business and making it very successful.
Ramiz has already taken out four loans from Aqroinvest and he has a good loan repayment history. He is applying for a loan of 2000 AZN. Ramiz believes with this loan he can buy more cattle and expand his 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.