Nizami Q. is a 55-year-old barber who has been working in a barber shop since 2000. He is married and has four children. Nizami applied for 1000 AZN to purchase new tools. He believes one day he could open his own barber shop and start a new business. Now he would like to purchase modern tools and increase his monthly turnover.
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.