Mirgasim A. is 59 years old. He is married and has five children. After getting married, he arduously dedicated himself to farming. When he recognized the need to invest in his work, Mirgasim decided to raise seasonal fruits and vegetables. He sells his products in the local bazaar, earning an income of about $375 to $500 a month. He started his business in 1985 but he applied for his first loan in 2008. He repaid his first loan from KIVA successfully. He also keeps a shop of spare parts for cars, but his main business is farming because his products are in very high demand. He has applied for a loan of 1,000 AZN. With the loan, Mirgasim will purchase seeds and fertilizer for improving his land and his crops.
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.