Khanish K. is 58 years old and the father of three children. His wife is a housekeeper. In order to earn a living, Khanish owns a field for growing watermelon, grapes, and other seasonal fruits and vegetables. His monthly income is about 300-400 AZN.
On his farm, Khanish cannot do any planting because he does not have enough money for seeds and fertilizer. In order to purchase these items, he decided to ask for a loan of 500 AZN. Khanish counts on this planting opportunity to obtain a better yield, which will help him improve the living conditions of his family. He hopes one day to build his own shop next to his house and sell his harvest there.
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.