Akif is married and has 3 children. He lives in the small village of Agsu. Akif sells groceries from his store which is well known for good prices that are lower than market prices. Akif knows his customers’ preferences and always offers them only good quality groceries. He has been in the grocery trade for about 4 years and his business has been marked with consistent stability. This will be Akif's 4th loan and he has a good credit history.
Akif is hoping to invest his loan of 1,800 AZN in additional merchandise, which will help him increase his turnover capital eventually. The loan will help Akif achieve success.
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.