Mikayil is a 46-year-old, married man with one daughter. Eight years ago Mikayil decided to start his own business selling office supplies and lottery tickets. Hence, he opened a store which he operates with his loving family. His store has a very good location in the central city bazaar. His monthly income is 250 USD. Mikayil has plentiful orders for a variety of lottery tickets and office supplies and now is applying for a loan of 1500 AZN to fulfill his orders. This will be his 2nd loan and he has a good credit history.
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.