Oqtay A. is a trader who has run his own business since 1995. He started this business and built his own shop, step by step, from his savings. Oqtay is married and has two children. He sells different kinds of goods such as sweets, home products, bath accessories, etc. This is the only source of income for his family. Oqtay tries his best to cover the family’s needs and to provide an excellent education for both of his children. Oqtay’s dream is to hand over the business to his children in the future. For this purpose he is applying for a US$1500 loan to increase the number of items he sells.
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.