Nurlan M. is a young entrepreneur of 19 years who is responsible for looking after his elderly parents. Nurlan began working at 17, assisting his father with his father's shop. Now Nurlan is responsible for the whole shop. His working day starts at 8 a.m. and finishes at 10 p.m. He sells cell phone accessories in the center of Lankaran, a city in the southern part of Azerbaijan. Nurlan has requested a 1606 AZN loan so he can increase the number of items he sells and also purchase cell phones for resale, as they are in very high demand by the local population.
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.