Namiq S. is a very young and enthusiastic guy of 22 years. Being so young, he could start his business and choose very proper goods to sell: men's shoes and shirts. He has very good quality goods, and once a week he goes to the capital of the country, which is about three hours away from his home city Imishli, to sell them. He rents a store in the central market. He started his business two years ago and now would like to expand it and purchase more items. He would like to make some savings and get married in near future. For these purposes, he has applied for a loan of 2,500 USD.
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.