Sanan is a 48-year-old market vendor who has been selling cosmetics for the last 14 years. Sanan is married and has two sons. His wife actively helps him to run the business, and they have a lot of customers. His business brings in a stable income of 200 Azerbaijani manats (AZN). This is the only source of finances for his family. Sanan would like to expand his business and buy additional merchandise. For this purpose, he applied for a 1500 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.