Namiq I. is the married father of two sons. His family lives in Imishli City where Namiq runs a small grocery store, selling food downtown. His store is well known in the neighborhood as he serves his customers well and works late hours, which is very convenient for many customers who work late and go shopping after work.
Namiq has been in business for five years. Currently he is seeking a loan of $1,200 to purchase more inventory to increase the variety of goods he offers. He had some struggles when his business was growing and becoming self-sustainable, but he handled all these challenges pretty well and is looking toward to the future with much enthusiasm and optimism.
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.