Qarash is a 33-year-old man, married, with two children. He is an Internally Displaced Person (IDP) and lives with his family in an IDP settlement. He has a small drugstore where he has sold medicine for the past 10 years. Qarash is experienced and skilled in this field. His brother helps him a lot to run the business. Qarash sells only certified drugs, and his monthly income is 280 AZN.
Qarash needs additional capital to invest in his business. This will allow him to improve quality of his products and increase monthly sales. For this purpose he has applied for 1,500 AZN. This will be his sixth loan, and he has a very 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.