Rizvan is 42 years old, married, and has two sons. He sells food products such as macaroni, butter, cookies, sugar, jam, and beverages in his shop. Rizvan has four years of experience in this field and is a knowledgeable and skilled person.
The food products he sells are very popular and in high demand. His monthly profit from selling food is 150 AZN. His brother helps him to sell products in his shop. He is a very successful entrepreneur because he has a good location in the central bazaar of his home city.
The profits he earns are not enough to reinvest in his business and, for this reason, meeting customers` demand is difficult. He uses his profits to meet his family's needs. Rizvan would like to increase his sales and invest additional capital in his business. So, he has applied for a loan of 1800 AZN. He will diversify and purchase additional food stuff. This will be his fourth 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.