Sedef is 54 years old. She is married and the mother of six beautiful children. Sedef and her husband are engaged in their own business in order to have the income to meet their family's needs. She has been engaged in cattle breeding for the past 13 years. During these years, she gained the necessary skills and knowledge for the effective management of her business.
She usually buys small calves, raises and fattens them for 5-6 months, and then resells them for a profitable price in the livestock bazaar. She also makes homemade yogurt and sells it, together with fresh milk, to her neighbors. Her monthly income is about 144 AZN. This business is the only source of financial income in her family. Beef is in very high demand in Azerbaijan, as people use it in everyday dishes like pilau (a rice dish) and dolma (stuffed grape leaves).
Now Sedef would like to buy more animals. For this purpose, she applied for a loan of 1,800 AZN. She will buy three calves and one milk cow. This will be her fourth loan with AqroInvest, and she has a 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.