Mazakhir K. is 51 years old man who is an independent businessman who is engaged in various activities. In 2004 he started a small retail business along with construction materials sales and now he has his own shop where he sells electronic goods.
He is married and has two sons who actively help him in his business. From the first loan he was able to generate enough income to open his own shop. Now he has two businesses: construction materials sales and electrical goods sale. The shops brings him stable income and he is going to enlarge it. Now Mazakhir has applied for 1,000 AZN to increase the inventory.
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.