Eldaniz is 34 years old. He is married and has two sons. Eldaniz sells construction materials made of wood and steel. These kinds of materials are very popular for private house constructions and general buildings. He has 10 years of experience in this field, which considers him a knowledgeable and skilled person. His wife helps him to sell materials because the storehouse is located in his back yard. Eldaniz also raises fruits and vegetables in his garden and sells them in the bazaar.
His monthly profit from both his businesses is 320 AZN. He would like to expand both of them, and for this purpose he applied for 1400 AZN. He will spend 1000 AZN for buying additional materials and 400 AZN for seeds and fertilizers. Eldaniz has already demonstrated himself as a good client with a positive 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.