Ilqar N. is a 49 year old entrepreneur who sells different kinds of foodstuffs such as eggs, butter, beverages, candies etc. He has run this business for more than 20 years. Ilqar also works as administrator in the local restaurant. He is not alone in his business as his wife replaces him while he is at his second job. Ilqar has three children. He would like to enlarge the range of products he sells and for this purpose he applied for a 1500 USD loan.
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.