Shakir, 54, is married and lives with his wife and three children in a small city. He is a farmer who grows and sells fruits and vegetables from his garden. He has more than 30 years of experience in crop raising and is thus very experienced in this sphere.
Fresh fruits and vegetables are a most popular product and in high demand in Azerbaijan. People use them to make fresh juice, which is good for the health, as well as in national dishes like pilau and dolma. Shakir's father and wife help him to irrigate the plants and land and to run the business. His monthly profit is 320 Azerbaijani Manat (AZN).
Shakir has applied for a loan of 1500 AZN to purchase seeds and fertilizers. This will be his third loan with AqroInvest and he has a good client 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.