Bakhtiyar is a 40-year-old man who is married and has two sons. He is a market vendor and sells potatoes, onions, and other seasonal vegetables in his wholesale market. He has ten years of experience in this field. He rents a car to drive around the villages and buy fresh potatoes and onions from local farmers which he then sells for a profit. He usually makes this gathering twice a month.
His business brings him a stable income of AZN 250 and this is the only source of income for his family. Fresh and organic vegetables are very popular among local people and Bakhtiyar always chooses the best to sell.
He applied for a loan of AZN 1500 to purchase more vegetables to sell as it is summertime and people use fresh vegetables almost every day. This will be his third loan and he has good client 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.