Zaman K. is 60, married and has two sons who are 1 and 3 years old. His family lives in Sabirabad city. Zaman sells household items and children's clothes in his shop. This business has become the only source of income for Zaman`s family. Zaman already has successfully paid his loan and now applied for new one.
Zaman has been in the trade for 12 years. His business is characterized by stability and positive performance. The inventory he sells is always in demand as people need dishwashers, laundry soap, towels, dishes, perfumes, and other household items and children need seasonal clothes.
Zaman wants to see his business growing in the future, which is why he is requesting a loan of 1,500 AZN to increase his turnover capital.
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.