Amrulla is 57 years old and married with three children. He has raised and sold fruits and vegetables for the last 15 years. He is a very experienced farmer with deep knowledge of his business. He also works as a technical master and works on customers’ orders. This job is not profitable and is temporary.
Amrulla usually raises seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and in high demand because people prefer to eat them every day and consider them very healthy. Also, one of the favorite national dishes, Dolma, is made of fresh eggplants, peppers and tomatoes. His monthly income from this business is 350 AZN.
Now Amrulla would like to invest more capital in his business and purchase seeds and fertilizers. For this purpose, he applied for a loan of 1800 AZN. 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.