Elchin is 26 and single. He makes his living as a market vendor, having sold fruit and vegetables as well as running a small clothes shop for seven years.
Over this period of time, Elchin had acquired the knowledge and skills required to succeed in this business. For instance, he knows how to store fruit so that it remains marketable and does not lose its taste. He sells watermelons, apples, pears and pomegranates in his town's central market.
He is well-known in this market for his attractive prices and friendliness. All of this allows Elchin's business to generate the stable income his family needs. During summertime, demand for Elchin's products is high. That is why he is planning to buy more fruit to sell. He is requesting a loan of 700 Azerbaijanian Manat (AZN) that will allow him to do this and expand his business.
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.