Rafiq is 45 years old, married and has five children. Due to his family’s financial situation, he did not have many opportunities to get higher education. That’s why, after finishing school, he tried to become independent and to find a way of earning in order to help his parents and now his own family.
Through the years, he tried various types of activities and finally he started his business selling cell phones. Since 2005, Rafiq has supported his family through his efforts. He believes that this business is profitable and the generated income allows him to support his family.
Currently, his business is doing well, but Rafiq needs to increase his stock of goods in order to serve the demands of his clientele. With this purpose in mind, Rafiq has requested a loan of 1,300 AZN.
He is grateful to all those supporting him and promises to repay the loan promptly.
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.