Teymur is forty-seven years old and married with two children. He sells food products such as macaroni, butter, cookies, sugar, fruit and vegetables and beverages in his shop. Teymur has four years of experience in this field, which makes him a knowledgeable and skilled person in his business.
The food products he sells are very popular among people and are in high demand. His monthly profit from selling food is 250 AZN. His wife helps him to sell products in his shop. He is a very successful entrepreneur because of the good location of his shop, in the central bazaar of his home city.
The profit he gains is not enough to reinvest into his business and his ability to meet his customers' demand is suffering for this reason. Being his only source of income, his profit is used for his family needs. Teymur would like to increase his sales and invest additional capital into his business. For this purpose he has applied for a loan of 1500 AZN. He will purchase and diversify additional food stuff with his loan. Teymur has already demonstrated that he is a good client with a positive credit 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.