Safar H. is a 33-year-old trader. He is married with two small children. He is a entrepreneur who sells various kinds of foodstuff, such as cookies, candies, soft drinks, juices, macaroni, and detergents, in his grocery store, which he built eight years ago. Currently Safar has about 500 AZN in inventory. His monthly net profit is about 300 AZN.
Now he needs a loan of 2,000 AZN in order to increase his stock of goods. He promises to repay the loan within the expected term and expresses his gratitude to everyone supporting him.
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.