Faiq is 46-year-old man who is married with four children. He is an IDP (internally displaced person) and lives in Bilasuvar IDP Settlement. He is a joiner (carpenter/cabinetmaker) and has his cabinets where he serves clients and take orders. His son helps Faiq and is learning how to run the business. He has five years of experience in this field and during this time, he gained the necessary skills and knowledge required for the business. His business brings stable income to his family and his monthly profit is 250 AZN.
Faiq decided to take a loan and purchase new tools for work. This will allow him to take more orders and keep clients satisfied with better quality of work. This will be his fourth loan and he has a good client 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.