Faiq A. is a 47 year-old married man who lives with his five children and has owned a small farm for more than 20 years. He lives and works in a small village of the southern part of Azerbaijan. Since a cattle selling is a profitable business, Faiq has become a very successful businessman in a very short period of time. The income has been enough to cover family needs, but as his children grow, covering family needs has become harder, so Faiq is applying for a loan to expand his activities and to purchase more cattle.
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.