Nariman R. is a 33-year-old single man. He lives in the southern Azerbaijani town of Imishli. He has seven years of experience; when he started selling goods in his store he was only 26. In the beginning, he sold only biscuits and candies. As soon as he found success, he borrowed $2,300 and purchased goods such as sugar, flour, salt, rice and other goods. Nariman is applying for a $1,200 loan to purchase more beverages and begin selling them, because they are in high demand.
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.