Rashad D. is 41. He sells an assortment of different kinds of good quality flour. Because he buys the flour wholesale, his price is cheaper than the price of his competitors. He has a successful business selling flour at the local market in the Agsu region.
Today, Rashad has great demand for his goods and that is why he wants to take out an individual loan. He has requested a loan of 1,600 AZN to add to his working capital and allow him to purchase more inventory. He is ready to work even harder, make sacrifices, and push every once in a while to achieve his goal and become a successful entrepreneur. We believe his perseverance and clear vision will become key success factors in his small 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.