Ramil is 32 years old. He has been selling different kinds of construction materials, such as cement, paints and so on, in the market for the past 5 years, during which time he has acquired the knowledge and skills required to open his store.
Since he started his store, his clientele has increased, thanks to his good service. With the first loan he was able to increase his stock, and he has a good client history.
Now he is requesting a loan of 1,300 AZN, which he will use to buy merchandise to increase his assortment of items for sale.
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.