Teymur, 33, owns a little grocery store in the local market where he sells a variety of goods. He works with his wife and they have 2 children to support. Teymur has asked for a loan of 1,500 AZN to purchase more grocery products in order to expand his options and increase his inventory. He believes that this will allow him to reach a wider customer base so he can increase his income to help provide for his family. This will be Teymur's second loan and he promises to repay it in a timely manner.
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.