Vusal J. is a 29-year-old trader who sells different kinds of goods, such as candies, tea, cookies, pasta, shampoo, detergent and soap. Vusal has four years of experience in this field. He is married and has two children.
Vusal runs his own store, which he built a year ago owing to his hard work and ability to save money. His monthly income is 400 AZN and he wishes to increase it to 700 AZN. For this purpose, he has applied for a 1,000 AZN loan to increase number of products he sells.
Vusal wishes to build another, bigger shop as soon he can save enough. He believes the new loan will bring well-being to his two children.
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.