Khalid R. is a hard-working man who has made sure from a young age that his family never goes without its daily bread. He is single and responsible for his elderly parents and younger brothers and sisters. Khalid has a grocery store where he sells different kinds of foodstuffs. Khalid began this enterprise 4 years ago with starting capital of 100 USD, and with perseverance and dedication.
Over time, he has expanded his business. Today, his whole family is engaged in the business. Khalid now needs to buy additional foodstuffs to increase the range of his inventory. With this in mind, he is requesting a loan of 2000 USD. He is ready to work even harder, make sacrifices and push every once in a while to achieve his goal and become a successful entrepreneur.
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.