Sadiq is a low-income person. He is 38 and lives with his wife and three children. He has a grocery store where he sells foodstuffs. His business is very successful but needs some capital investment to increase its daily turnover. That is why Sadiq has applied for a loan of 1300 AZN. This loan will allow him to buy larger amounts of goods for resale. The additional profit will help him better provide for his family and save more money to build his own shop one day.
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.