Elshad, age 42, sells fuel to make a living, specifically petrol fuel, diesel fuel, and car oil. After over eight years of selling fuel, he has gained enough experience to have developed a successful business and a loyal customer base.
Elshad’s business is currently running very well, which is why he wants to expand his business and add a new operation: purchasing and re-selling spare auto parts. With this purpose in mind, Elshad is requesting a loan of 1,000 AZN. He has already established himself as a good client with a positive credit history. Elshad promises to repay his loan properly and on time.
Elshad and his wife have two children.
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.