Vazirkhan is a 54-year-old man who is married and has five children. He has been running his business for the past eight years, and he earns about 250 AZN per month. Vazirkhan sells fruits and vegetables in the local bazaar. He plans to use this loan in the amount of 1000 AZN to invest in his business. Vazirkhan hopes to invest in the purchase of additional seeds, seedlings, and young crops to raise. His goal is to expand his business and provide a prosperous lifestyle for his family.
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.