Javid is a 31-year-old man. He is single and lives with his parents. Javid has been selling phone accessories for the last four years. He is very experienced in his business and knows well where to buy merchandise for a low price.
Javid usually brings phone accessories in from other cities and buys them in wholesale markets for a low price. Then he resells them for a more profitable price in his home city. He is very friendly and has already gained some permanent clients. His father helps him to bring in new goods from another city. Javid`s monthly income is 200 AZN per month and he wishes to increase it to 400 AZN.
Javid has applied for a loan of 1200 AZN in order to purchase more phone merchandise and increase his sales since this type of product is very popular. He wishes to save some money for his upcoming wedding party.
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.