Natiq is 47 years old and married with two sons. He is a foreman, but his primary business is serving people lunch and dinner in his café. He has four years of experience. He decided to start his own business several years ago because his income as a foreman was not stable and very low.
People in Azerbaijan like to have lunch in national-style cafes, as well as spend time with friends in the evening drinking tea with homemade jam. Natiq`s place doesn’t look very attractive, but his food is delicious and that’s why his café is full of people.
His monthly income is 300 AZN and he would like to increase it. For this purpose he applied for a loan of 1,200 AZN. He will use this loan to renovate his café. This will be his second loan and he has a 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.