Baba is 45 years old. He is married and has one daughter and one son. His wife is a homemaker. Baba breeds cattle to sell to local butchers and raises cows for their milk and milk products. In this business his wife also helps him. His work is the only financial income for his family.
Baba has ten years of experience with livestock, thanks to his father who taught him the best way to look after his animals. He usually buys young cattle, raises and fattens them for five to six months and then sells them at a profit in the local livestock bazaar. He also sells milk and yoghurt to his neighbors. All together, these activities bring in 180 AZN a month but are not enough to cover the basic needs of his beloved children. Milk and yoghurt as well as beef and mutton are very popular in Azerbaijan. People use meat in everyday national dishes such as pilau and dolmas and always use yoghurt as a sauce. Milk products are considered to be very healthy and are also present in everyday life.
Baba is applying for a 2000 AZN loan to buy three head of cattle, one milk cow and some fodder. 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.