Agdam is 32 years old, married and has one daughter. He has run a business selling food products for the last eight years. He is a market vendor and sells different kind of goods such as yogurt, sausages, candies, cookies and macaroni.
His business brings him a stable income of 170 AZN. He would like to increase his income and for this purpose he applied for 1800 AZN. He will use this loan to diversify and purchase more products for his shop. This will be his fifth loan and he has a good loan repayment 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.