Sakhlar B. is a 53-year-old pension trader who has 10 years' experience in food sales. He is married and has four children. He started his business because he lost his job and wasn’t able to cover the basic needs of his dearest children. Sakhlar's monthly income is about 400 AZN. He is an experienced businessman and he wishes to open a new shop. To achieve his dream, he needs more money and for this purpose he has applied for a loan of 900 AZN. He needs this loan to purchase more merchandise.
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.