Novruz A. is 57 years old and is married with 3 children. Novruz sells milk and yoghurt to the local people. He started a dairy and poultry business in 1982.
The cow is kept in the house and it took a lot of effort and care by Novruz before it could give milk. Every day, he gets up early in the morning in order to feed the cow; all day until late at night Novruz is busy looking after the cow and his chickens, which are also part of his income. The business is the main source of income for the family.
Novruz has applied for a loan of $1200 USD to purchase two cows. This is a first loan for Novruz. He thanks everyone for supporting him and promises to be very accurate when managing the 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.