Xaliq is a 31-year-old farmer. He is married and lives in one house with his parents. His wife is a school teacher. He has raised seasonal fruits and vegetables for the past 3 years. His father was his best teacher. From him, Xaliq learnt how to look after land and raise organic crops.
Fruits and vegetables are very popular among Azerbaijani people and they use them in everyday meals. They use them fresh as well as cook vegetables with meat (dolma). His monthly income is 100 AZN and he usually sells his crops in the central bazaar.
He applied for 1,000 AZN loan to purchase more seeds, fertilizers and garden tools to improve the quality of his crop and increase his monthly turnover. This will be his second 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.