Sayyab is a 57-year-old man who lives and works in the small village in the Imishli region. Sayyab is married and has four children. He owns a small café where he serves local people national dishes and tea. Tea is the most popular beverage in Azerbaijan and people like to sit for hours and drink tea with homemade jam. He has 10 years of experience in the service business, however he opened his café just two years ago.
Sayyab`s son helps him to run the business and serve clients. Being polite and friendly helps Sayyab to provide the best quality service to his clients. In the evenings, his café is full because that is the time when local men join together to chat over a couple kettles of tea.
The monthly profit from Sayyab`s business is 300 AZN. He would like to expand his business, and for this purpose he applied for a 1,000 AZN loan. He will use the loan to make renovations and purchase new chairs, tables, and tableware. This will be his second 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.