Alimardan is a 52-year-old trader who sells different kinds of Chinese dishes, plates, cups and other items popular among dowries. He is married and has two sons. He has seven years of experience in this business and he has had a good client history with AqroInvest CU since 2009. His shop is located in the central market of Sabirabad and owing to this location, a lot of people pass by his shop. His monthly income is 300 AZN. Alimardan usually purchases dishes from Baku city, the capital of Azerbaijan. Now he would like to expand his business and increase his range of goods. For this purpose, he applied for a loan of 1000 AZN.
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.