Alim is 55 years old and married with five sons and one daughter. He sells food products such as macaroni, rice, candies, cookies, sugar and beverages in his shop. Alim has more than 20 years of experience in this field, which makes him a knowledgeable and skilled person.
The food products he sells are very popular among people and are in high demand. His monthly profit from selling foods is 300 AZN. His wife helps him to sell products in the shop. He is a very successful entrepreneur because of his good location in the central bazaar in his home city.
Alim would like to increase his sales and invest additional capital. For this purpose, he applied for a loan of 1,800 AZN. He will purchase and diversify additional foodstuffs. This will be his third 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.