Oruj is a 48-year-old man who is married with four children. He is an IDP (internally displaced person). His business is car repair and he has more than 20 years of experience. His son helps him and learns how to repair cars. He usually repairs trucks and tractors, which there are more of in the settlement where he lives. His monthly income is 90 AZN. He is on a pension, which is very small, so car repair is the main source of income in his family.
He applied for a loan of 1,500 AZN to purchase new car repair tools. 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.