Ilham N., a 54-year-old married father of four children, has been selling household goods such as kettles, pails, basins and many other items for the past seven years in order to support his family. The business is quite successful, carrying goods that meet client demand, thereby generating a stable income that allows Ilham to improve the living conditions of his family and make his children happy. A successful client with one previous loan, he is now requesting 1400 AZN to enlarge the range of goods he carries. Ilham promises to repay on time.
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.