Rais is a 49-years-old man who is married and has three children. He is market vendor and sells different kind of food products in the central bazaar. Rais has 9 years of experience in this field, and he is considered to be a knowledgeable and skilled person.
He usually sells rice, macaronis, yoghurt, ketchup, sugar and other products. The products he sells are in very high demand among the local people and they use them in everyday life. His monthly profit is 300 AZN. His spouse helps him to update the merchandise in his shop.
This business is the only financial income in his family and Rais would like to increase his sales as well as to cover market demand. For this purpose he applied for 1500 AZN. He will use this loan to purchase more products. He has already demonstrated himself as 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.