Elshad is a 40-year-old man, married with three children. He is an Internally Displaced Person and lives with his family in Bilasuavr IDP Settlement. Elshad repairs vehicles such as dump trucks, tractors and other farm vehicles. He has 10 years of experience in this field. He is considered a specialist in this area and has a lot of orders.
His monthly income from the service he provides is 200 AZN. Now more and more farmers are buying modern tractors and other vehicles useful in farming places, and Elshad needs to satisfy his customers and be able to repair modern cars, to change oil in them from time to time. He will buy modern tools and will take training in a nearby city to achieve his goals.
He applied for 1000 AZN loan and promises to pay back on time.
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.