Amil is a 26-year-old man who sells men's clothes in the central bazaar. He is married and has two children. He finished university and was not able to find a job, that is why he decided to join his brother who already had experience in this field. Five years ago he started his business. His monthly income is 220 AZN. His brother still helps him in choosing good-quality clothes.
He applied for a loan of 1000 AZN to purchase more clothes for sale. This will help him to improve his income and gain more customers. 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.