Ali is a 21-year-old young, single man who lives with his parents. He is the owner of barber shop and has two years of experience in this field. Even though he has been in this business for only two years, he already has a lot of customers. He says that secret of his success is his friendliness and professionalism. His monthly income is 250 AZN. He wants to get married next yea,r and wedding expenses will be high. Hence, he needs to increase his income. For this purpose, he has applied for a loan of 1,000 AZN to buy new working tools and improve his work conditions.
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.