Qadiraga is 50, married, and has three children. He sells veterinary medicines and supplies in his own drug store. He has 10 years of experience in this field. His son helps him to sell his goods. Qadiraga is a very polite and friendly gentleman who always knows all of his clients by name. His monthly income is 120 AZN. His business is very profitable because a majority of the people living in his city, and in the region, are engaged in livestock breeding. He would like to expand his business to be able to meet customers’ demand. He applied for a 1,300 AZN loan to do that. Qadiraga 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.