Elsavar A. is a 32 years old entrepreneur who runs a plastic fabric business. He was working in security but his salary was too low to keep his wife and two children in good conditions.
A year ago he decided to open his own plastic fabric business and within a year he gained a lot of clients and is very profitable. Elsavar`s monthly income is 200-250 AZN. He would like to expand and hire a person who can help him because he has plenty of orders every day. For this purpose Elsavar applied for a 900 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.