Tarif Q. is 40 years old. He is married and has two sons. Tarif has been running his business for three years. He sells office supplies in his shop. The business generates significant income for the family allowing him to improve the living conditions. Today Tarif is requesting a loan of 1000 AZN. He plans to spend the loan to purchase new goods to sell.
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.