Ilham H. is 31 years old and operates a small business in Imishli town. He sells spare parts for cars. Recent increases in custom taxes have strained his bottom line. He is asking for a loan of $1175 to get over this temporary adversity.
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.