Razi is a 32 year old man and is single. He is a market vendor and sells different kinds of food like macaroni, cookies, confectioneries, tinned food, tea and beverages like juices, soda and fizzy drinks. He has 5 years of experience in this field. During these years Razi has acquired the knowledge and skills required for the business.
Razi`s merchandise is very popular and brings him stable income of 300 AZN per month. The product that he sells is very popular and is used in everyday life. For instance tea is the beverage people drink the most with with cookies or candies. The demand is high and Razi wants to cover this demand.
For this purpose he has applied for 1000 AZN to purchase and diversify into more foods and beverages items in his shop.
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.