Qorkhmaz, age 41, is a market vendor. He has been selling fruit for 12 years, during which time he has acquired the knowledge and skills required for making the business a success. For instance, he knows how to store the fruits so as to keep their marketable conditions so as not to lose their taste and other desirable properties.
He sells items like apples, peaches, and pomegranates in the local central market, but now, in summer, he mostly sells watermelon and other melons, the most popular summer fruits among local people. In the market he is known for his attractive prices and his friendliness. This allows Qorkhmaz’s business to generate a considerable stable income for his family. Qorkhmaz is married and has four children.
He is requesting a loan of 1,000 AZN, which will allow him to purchase more fruits to offer for sale. He is confident that this will allow him to increase his profit 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.