Vugar M. is a 49-year-old man who runs his own store where he sells women’s and men’s clothes and cosmetics. He has eight years of experience in this field. This shop is the only source of income for Vugar`s family. He has three children.
As Vugar’s shop one of the best in the area where he lives, demand for the products he sells is very high. Now he would like to expand his business and purchase more seasonal clothes and some perfumes to increase his profit. For this purpose he applied for 1,600 AZN.
Vugar promises to pay back his loan on time and appreciates everyone who can help him to obtain this loan.
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.