Qabil S. is 41 years old and married with three sons. Qabil is a hard-working man who is running a cattle breeding business. He started his own business as a source of additional income and savings in case of unemployment. He is also working as a teacher in the local school, but the salary is too small even to cover the monthly basic needs of his family. He knew many people who purchased cattle, and this motivated him to start his own business 16 years ago.
Over time, he has increased his cattle sales and he is proud to say that the business has been running well, but he now needs additional capital to expand his business. Therefore, Qabil is requesting a loan in the amount of $1,200 to purchase four additional cattle to sell. More specifically, he will reinvest the loan proceeds and grow the business, as he has been doing.
He and his family thank you very much for the support that you offer them in helping to expand his business and helping them give their children a better quality of life.
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.