Novruz Y. is 23-year-old farmer who breeds cattle in the small southern city called Bilasuvar. Novruz is a hard-working man who was taught farming by his father. He knew many people who purchased cattle, and this motivated him to start his own business about two years ago. Over time, he has increased his cattle sales and is proud to say that the business has been running well. However, he now needs additional capital to expand his business. Therefore, Novruz is requesting a loan in the amount of 1200 USD to purchase four cattle for an estimated cost 300 USD each. 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.