Asif is 57-year-old man who is married and has two children.
He is a farmer and has raised seasonal fruits and vegetables for the last 10 years. During these years Asif gained enough skills and experience to run the business. He chose this crop business because it is profitable and fresh fruits and vegetables are in high demand.
People use fresh vegetables every day and consider them healthy. Many national dishes, like pilau and dolma, are made of vegetables. Fresh fruits serve every table in Azerbaijan, and families also make fresh punch. He usually sells his crop in the central bazaar. His monthly income is 200 AZN.
As these products are in high demand, Asif wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose he applied for a 1,000 AZN loan. He will buy new garden tools, seeds and fertilizers.
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.