Khalid is a 37-year-old man who sells mobile phones and accessories. He is married and has two children. Khalid has four years of experience in this field and has gained the necessary skills and knowledge for business.
The products he sells are very popular because one person uses two or three mobile phones at once. Every phone has it purpose, usually one is for family, the second for business and a third for a second business if it exists. His monthly profit is 200 AZN.
Khalid would like to increase his sales and has applied for a 1200 AZN loan in order to purchase more mobile phones and accessories. He hopes this loan will help to improve life conditions 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.