Jafarkhan is a 59-year-old trader who sells products very popular for usage as dowries. He sells kettles, electronic goods, tableware and other items that are very popular among fiances. He has six years of experience in this field. His monthly income from his business is 200 Azerbaijan New Manat (AZN).
Jafarkhan is married and has five children. His son helps him to sell products.
Now he would like to diversify his range of merchandise, and for this purpose, he applied for 1,000 AZN loan.
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.