Azar is a 40-year-old man who is engaged in farming and has 6 years experience in this field. He is an IDP (internally displaced person). Azar is married and has two children. He usually raises and sells seasonal fruits and vegetables in the local, central bazaar. His monthly income is 230 AZN. His wife actively helps him to run the business and this is the only financial income in their family. Azar applied for 1500 AZN to purchase seeds and fertilizer. He has a good client 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.