Oqtay is 56 years old, married and the father of two children. For the last 12 years, he has earned a living by running a store where he sells flour, beverages, macaroni, butter, candies and other items. His store is in a good location and he has a deep knowledge of the market and the needs of his customers. He earns about 200 AZN a month, and gets help from his wife, who buys many of the products he sells and brings them to the shop. He is applying for a loan for 2,000 AZN to buy more food products to sell to his customers.
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.