Bakhtiyar is 49, married, and has three children. He raises fruits and vegetables in his garden and has been doing this for the last four years. He is a very experienced farmer and has a deep knowledge of the land and how to work it.
Bakhtiyar usually grows 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 like 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. Bakhtiyar's monthly income from this business is 120 AZN. This is only one source of income in his family.
Now Bakhtiyar would like to invest more capital in his business and purchase seeds and fertilizers. For this purpose he has applied for a loan of 600 AZN. He hopes this loan will improve life for his family.
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.