Nijat M. has a successful business selling food at a market in a village in Imishli. He started his business about 10 years ago after evaluating different business possibilities and deciding this would be the best option and something he would enjoy.
Nijat purchases products at very low prices and then resells them for a profit. Because he sells in bulk, he deals with a high inventory turnover rate. Nijat rents a very good location at the market for his business and he has little competition.
He has requested a loan of 1606 AZN to increase his business capital. This loan will enable him to buy more produce to sell, so he can increase his profits and continue to operate a profitable business.
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.