Ilkin is a talented entrepreneur with a successful business selling clothing and shoes for teenagers. He is 26, not married and lives with his parents. Ilkin started his business five years ago out of a desire to earn a living and meet people’s clothing needs. He sells clothes that are both popular and affordable, which helps to ensure a strong demand for his products. Ilkin is a serious business owner who wants his business to be the best it can be while continuing to grow and be profitable. His father helps him run the business.
One of his main goals is to have his own family and to build his own house. His monthly income is 200 USD and he is going to increase it to 500 USD. Ilkin has requested a loan of 1400 AZN to purchase new inventory. The change of seasons makes this a busy time of year for business owners like Ilkin. This loan will help him keep a good supply of inventory on hand so he can meet customer demand and make a good profit.
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.