Elshan is a 20-year old very young and enthusiastic man who sells different kinds of dishes, glasses, plates, kettles and other home products. This kind of product is very popular for dowries. His store is located in the central market of his home city. His profit is about $350 USD per month. He wishes to expand his business and purchase more items to increase his stock. For this purpose, he applied for a loan of 1,000 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.