Elnur M. is a 30-year-old married man and the loving father of two children. For a year, Elnur has had a small shop near his house where he sells all kinds of household and office supplies. He dreams that his children can get better living conditions, and that is why he is working hard, together with his wife, who always assists him with everything. Elnur's business is successful in bringing considerable income to the family. Today, Elnur wants to expand his business and increase his working capital for purchasing new goods to sell. With this purpose he is requesting a loan of 1,000 AZN.
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.