Elshen is 23 years old. He is single and lives with his parents. He sells food products such as macaroni, butter, cookies, sugar, tea, candies and beverages in his shop. Elshen has 5 years of experience in this field, which makes him as knowledgeable and skilled person in his business.
The food products he sells is very popular among people and are in high demand. His monthly profit from selling food is 130 AZN. His father helps him to sell products in shop. He is a very successful entrepreneur because of the good location of his shop in the central bazaar of his home city.
But the profit he earns is not enough to reinvest into the business and covering his customers' demand is suffering for this reason. Being the only source of income, his profit is used for family needs. Elshen would like to increase his sales and invest additional capital. For this purpose, he applied for 1000 AZN to purchase and diversify his inventory of foodstuff.
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.