Jamal is a 39-year-old man, an internally displaced person (IDP) who lives in the Bilasuvar IDP Settlement with his wife and three children. He is a farmer and has raised seasonal fruit and vegetables for the last 12 years. He chose this business because it is profitable and because fresh crops are in high demand. People use fresh vegetables everyday and consider them healthy. Many national dishes made of vegetables, like pilau and dolma. Fresh fruit is served at every table in Azerbaijan families and it is also used to make fresh punch.
Jamal sells his crop in the Bilasuvar Settlement and sometimes at the bazaar. His monthly income is 120 AZN. His wife actively helps him to raise crops.
As these products are in high demand, Jamal wants to expand his business and produce more fruit and vegetables to cover market demand. For this purpose he applied for a loan of 1000 AZN. He will buy new garden tools, seeds and fertilizer. 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.