Vagif is a 48 year old farmer who raises corn and seasonal fruits and vegetables.
He usually sells his crops in the local bazaar to vendors. His monthly income from this business is 150.
His sister helps Vagif run the business.
He would like to expand his business and applied for a 700 AZN loan to purchase seeds and fertilizers. He has a good credit history and this will be his second 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.