Agagul is 41, married, and sells groceries from his food store. His vending location is well known for good prices that are lower than market prices. Agagul knows his customers' preferences and always offers them only good quality groceries. He has been in the grocery trade for more than 10 years. His business has been marked with consistent stability. He also has a shop where he sells mobile phones and accessories. His total income from both businesses is about 400 USD. Agagul has already demonstrated himself as a good client with a positive credit history.
With the first loan, Agagul was able to open this grocery store. He is hoping to invest a loan of 1500 AZN in additional merchandise, which will help him increase his turnover capital eventually. Agagul has a vision for the expansion of his trade, and we believe it will be helpful in his entrepreneurial endeavors.
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.