Tijarat is 47 years old. He is married and has two children. Tijarat is a market vendor. He has been selling fruit for ten years already. During these years Tijarat has acquired the knowledge and skills required for the business. For instance, he knows how to store the fruits so as to keep their marketable conditions and not to lose their taste and useful properties.
He sells fruits such as apples, peaches and pomegranates, and grapes, etc., in the local central market. In the market he is known among people because of the attractive prices and his characteristic friendliness. All this allows Tijarat’s business to generate a considerable stable income for his family, some 200 AZN per month.
Tijarat’s goods are always in high demand because people in Azerbaijan use fruit in everyday life and especially for punch. For this reason he is planning to purchase more fruit to sell. He is requesting a loan of 1500 AZN that will allow him to expand his business. Tijarat has already demonstrated himself as a good client with a positive 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.