Elvin is 26 years old. He is a young and very enthusiastic man. He is married and has two sons.
Elvin sells fruits and vegetables and also grows part of them in his garden. He has been doing this for the last 5 years. He is a very experienced farmer and has deep knowledge of land and how to operate it.
Elvin usually raises seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and are in high demand because people prefer to eat them every day and consider them very healthy. Also one of the favorite national dishes, Dolma, is made from fresh eggplants, peppers and tomatoes. His monthly income from this business is 320 AZN. This is only one source of income for his family.
Elvin would like to invest more capital into his business and purchase seeds and fertilizers as well as more fruits and vegetables to sell. For this purpose, he applied for a loan of 1000 AZN. He hopes this loan will improve life for his family.
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.