Balakarim is 51 years old, married, and has two children. He runs a floral business, raising different flowers in his garden and selling them to the local vendors. He has 8 years of experience in this field. His monthly income from his business is 200 AZN. Now he would like to purchase more seeds and flowerpots to increase the number of flowers he sells. For this purpose he has applied for a loan of 1000 AZN.
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.