Azer A. is 39 years old and a shepherd. He has been running his business since 2000 in his home region, Imishli. He is married and has 2 daughters. His main activity is sheep breeding for meat production, and concurrently he is a butcher. Mutton is very popular all around Azerbaijan, and people use it in everyday cuisine. As his business is very popular, he needs to expand and thus applied for a loan of 1200 USD. With this loan he will purchase 20 sheep for an estimated cost of 60 USD each.
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.