Elchin, age 54, is married and has one daughter. He sells food products such as macaroni, rice, candies, cookies, sugar and beverages in his shop. Elchin has nine years of experience in this field, which makes him a knowledgeable and skilled person.
The food products Elchin sells are very popular among the people and are in high demand. His monthly profit from selling foods is 250 AZN. His wife helps him to sell products in his shop. He is a very successful entrepreneur because of a good location, which is in the central bazaar of his home city.
Elchin would like to increase his sales and invest additional capital in his business. For this purpose, he has applied for a loan of 500 AZN. He will purchase additional foodstuffs to sell.
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.