Khabib is a 47-year-old trader. He is married and has two sons. He sells fresh fruits and vegetables in the central bazaar. He has five years of experience and has gained the necessary skills and knowledge for business.
Khabib chose this business because it is profitable because fresh produce is in high demand. People use fresh vegetables everyday and consider them healthy. Many national dishes are made of vegetables like pilau and dolma. Fresh fruits are served at the table in every Azerbaijan family and are also used to make fresh punch.
Khabib's monthly income is 250 AZN and he wishes to increase it to 500 AZN. For this purpose, he has applied for a 1000 AZN loan. He will use this loan to purchase more fruits and vegetables to cover customer demands. He promises to repay on time!
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.