Alladin A. is a 30 year old businessman who sells home improvement accessories such as paints, wallpaper and so on. He started this business two years ago. He is married and has two sons. The products he sells are in high demand among the locals and Alladin is a polite man, which makes his business very successful. Now Alladin would like to expand his business and, for this purpose, he has applied for a $3000 US loan. He will use the loan to increase his stock.
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.