Sakhavaddin is a 49-year-old man who sells fruits and vegetables as well as greens in the central market of Agsu. He has five years of experience in this business. His monthly income from this business is 250 AZN. He is married and has three children. Sakhavaddin has already demonstrated himself as a good client with a positive credit history. Now he has applied for a 1500 AZN loan to purchase more food products and build a shop because sales in the open air in winter is very hard.
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.