Maarif, 58 years old, is married and has three children. He is a market vendor and farmer at the same time, having sold fruit for more than 10 years. During these years, Maarif has acquired the knowledge and skills required for the business. For instance, he knows how to store the fruits to keep their marketable conditions and not lose their taste and useful properties.
Maarif sells fruit such as apples, peaches and pomegranates in the local central market, where he is known among people because of his attractive prices and characteristic friendliness. All this allows Maarif’s business to generate a considerable stable income for his family.
Due to the current season, Maarif’s goods are in high demand. Therefore, he is requesting a loan of 2,000 AZN to purchase seeds and fertilizers to increase his crop for next season. He wishes to save enough money from his retail sales and rebuild his house.
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.