Namiq Q. is a 38-year-old petty trader who sells different kinds of goods in the small market of Agsu city. He is married and has three children. Namiq sells candies, cookies, cigarettes and other such products. He works from early morning till late at night. His monthly turnover is 100AZN. He would like to increase his income by purchasing more goods for resale. For this purpose he has applied for a loan of 800 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.