Shaban is a 47-year-old entrepreneur who earns most of his living by selling construction materials. He is married and has two children, but is the only breadwinner in his family. He has about 10 years of experience in this field, and usually orders new supplies every one to three months. In his village, he is known for selling high-aquality construction materials, and he would like to take advantage of that reputation by buying more items to sell to his customers. To make this possible, he is applying for a loan for 1,200 AZN. This will be his second loan from our organization. He repaid his first loan fully and on time.
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.