Guloglan, age 36, runs a small cattle-farming business. He buys a young calf, raises it, and sells it for meat. He is a very hard-working person and he likes his agricultural occupation. With the profits from his farming, he meets his family’s needs and, whenever possible, he helps pay for his children’s education as well. Guloglan and his wife have three children.
He has decided to increase his animal-breeding enterprise, so he has requested a loan in the amount of 1,900 AZN. This is his fourth loan. He will use his loan funds to buy young calves and fodder for his animals. He hopes to receive more profits from his expanded animal-breeding endeavor in future.
Guloglan is confident that his Kiva loan will bring success to his agricultural 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.