Ilham Q. is 45 years old, married and has three children. His principal work is the buying and selling of cattle. Ilham lives in the small village of Imishli city in the southern part of Azerbaijan.
He purchase baby calves, fattens and raises them and after 5-6 months sells them in the local Imishli livestock bazaar. The business is very profitable, but his lack of capital makes his income insignificant, and living conditions remain difficult in his household.
To strengthen his business, he is asking for a loan of 1200 USD, which will serve to buy more cattle to expand his business. This will allow him to more effectively meet the needs of his household.
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.