Elkhan N. rents a small store where he sells veterinarian drugs. These products are very popular in his area. Most of the people in his region own livestock, which require a lot of inoculations and other medical care. Elkhan's business helps local farmers provide medical care for their livestock. He has many regular clients. Elkhan purchases goods every week. He is requesting this loan to purchase more products to sell so that he can increase his profit.
Elkhan is married and has six children. It is very hard to provide for a large family, so Elkhan applied for 1000 AZN to invest in his business. He wishes to educate his children and hopes that someday they’ll become good members of society.
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.