Mahammad A. is 44 years old. He is married and has four children. Mahammad is a hard-working man who, while continuing to work at another job, started his own business as a source of additional income and savings in case of unemployment. But, over time, livestock breeding has become his main financial source.
He knew many people who purchased cattle, and this motivated him to start his own business 12 years ago. With time, he has increased his sales. Now he needs assistance investing in his business, which has been going well and which he would like to continue to grow.
Mahammad is requesting a loan of $1200 to buy four calves. He is offering to repay the loan in 15 months. With the profit from this loan, he wants to support his children with their education. He and his family thank you very much for the support that you offer them in continuing this business and helping them to 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.