Elshad M. is a 48-year-old man who sells children’s clothes in the central bazaar of Sabirabad city. He is married and has three children.
Elshad started his business twelve years ago to cover all his family’s needs and now this is his only financial source. He purchases children’s clothes in Baku city which is three hours away from his home city.
Elshad’s turnover in a month is about 200 AZN and now he would like to increase it and for this purpose he applied for a 1,000 AZN 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.