Elbrus A. is 28 years old and is an entrepreneur who sells different kinds of engine oil for cars. He started his business eight years ago when he purchased a car and every time when he needed to change engine oil, he had to go many kilometers away from his home village. Elbrus decided to open the store in the village where he lives which has become very popular among local people.
Elbrus has two children and he believes one day they will continue his business. For this purpose he applied for a loan in the amount of 1600 AZN.
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.