Rasim is 57 years old, a married man and father of four children. Rasim sells animals. He buys animals (baby cows) at low prices, raises them and then sells them in the market at higher prices. He has a good approach towards business expansion and savings for the future. He makes enough through his business to contribute to the family income, but he needs to improve his business to meet the needs of his children.
For the improvement of his business, he applied for a loan of 2000 AZN to purchase two more cows. He is very experienced and has good contacts in the market. With this loan, he will definitely expand his business and income level. He has a good loan history and this is his fifth loan.
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.