Mirismayil is a 28-year-old trader who sells different home products and some men's clothes such as socks and shirts. He has 2 years of experience in this field. His brother helps him to run the business. His monthly income from business is 350 AZN. He would like to purchase more clothes to increase his profit. For this purpose he applied for a loan of 1,800 AZN. This will be his third loan and he has a good 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.