Rashad A. has a successful business selling food items. He started his business about 2 years ago, as an additional source of income. His primarily business is livestock breeding. Rashad purchases products, at very low prices, and then resells at a profit. Because he sells in bulk, he deals with a high inventory turnover rate. He has requested a loan of 1000 AZN to increase his business capital. This loan will give him the ability to purchase more products to sell, enabling him to increase his profits and to continue operating a profitable business. Rashad is going to use his loan also to purchase one cow.
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.